McDonald's Corporation MCD reported fourth-quarter 2019 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate after missing the same in the preceding quarter.Adjusted earnings came in at $1.97 per share, which beat the consensus mark by a penny. However, the bottom line was flat with the prior-year quarter figure. Meanwhile, foreign currency translation had a negative impact of 2 cents per share on earnings in the quarter under review.Revenues & Comps DiscussionIn the fourth quarter, revenues of $5,349 million beat the Zacks Consensus Estimate of $5,300 million. Moreover, the figure improved 4% year over year. This uptrend can primarily be attributed to increase in revenues from franchised restaurants. Moreover, on a constant-currency basis, the top line improved 4% on a year-over-year basis.At company-operated restaurants, revenues came in at $2,363.3 million, almost flat year over year. However, the same at franchise-operated restaurants improved 7% to $2,985.7 million.Global comps improved 5.9% driven by positive comparable sales across all segments. Notably, this marked the 18th consecutive quarter of positive comparable sales. In third-quarter 2019, comps were also up 5.9%. Notably, the company recorded highest global same-store sales growth in a decade.Solid Comps Across SegmentsU.S.: Comps at this segment grew 5% in the fourth quarter, higher than a 4.8% rise in the prior quarter. Deployment of Experience of the Future and strength in core menu items and successful national and local deal offerings drove the segment’s comps.International Operated Markets: Comps at this segment rose 6.1% year over year, higher than prior-quarter’s rise of 5.6%.International Developmental Licensed Segment: The segment’s comparable sales increased 7.2% in the fourth quarter. In the preceding quarter, the segment’s comps had risen 8.1%.McDonald's Corporation Price, Consensus and EPS Surprise McDonald's Corporation price-consensus-eps-surprise-chart | McDonald's Corporation QuoteOther InformationMcDonald's returned $2.3 billion to shareholders via stock repurchase and dividends. In 2019, the company had returned $8.6 billion to shareholders via stock repurchase and dividends. The company has returned $25 billion for the three-year period ending 2019.Cash and cash equivalents at the end of 2019 was $898.5 million, compared with $866 million at the end of 2019. Long-term debt as of Dec 31, 2019 was $34,118.1 million, compared with $31,075.3 million at the end of 2018.2019 HighlightsFull-year adjusted earnings came in at $7.84 per share, reflecting a decline of 1% from 2018. Foreign currency headwinds had a negative impact of 21 cents in 2019. Revenues improved 0.2% in 2019 to $21,076.5 million.Zacks Rank & Key PicksMcDonald's carries a Zacks Rank #3 (Hold).Some better-ranked stocks worth considering in the same space include Domino's Pizza, Inc. DPZ, Dunkin' Brands Group, Inc. DNKN and Dave & Buster's Entertainment, Inc. PLAY. All these stocks carry the Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Domino's Pizza, Dunkin' Brands and Dave & Buster's Entertainment have an impressive long-term earnings growth rate of 13.7%,10.9% and 14.8%, respectively.Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dave & Buster's Entertainment, Inc. (PLAY): Free Stock Analysis Report Dunkin' Brands Group, Inc. (DNKN): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research