MCD · McDonald's Corporation

McDonald's Corp MCD

Operates and franchises fast-food restaurants serving burgers, fries, and other quick-service meals worldwide.

Industry
Hotels, Restaurants & Leisure
Listed on
New York Stock Exchange
IPO
1965-04-21
Website
mcdonalds.com

Daily brief

McDonald's tops profit estimates as U.S. traffic slips

+2.11% to $274.00 from $268.34

What moved MCD

  • Adjusted EPS of $3.38 beat the $3.32 analyst consensus, though revenue of $7.10 billion came in just below the $7.13 billion estimate.
  • Global comparable sales growth slowed to 1.3% from 3.8%; U.S. same-store sales rose 0.8% even as customer traffic fell.
  • The company cited tough comparisons to last year’s “Minecraft” movie tie-in and an underperforming World Cup marketing campaign.
  • A new lineup of refreshers and crafted sodas helped drive new visits and lift average customer checks.

Sources: LSEG via Yahoo Finance · TradingKey

Daily brief

McDonald's tops EPS estimates as U.S. same-store sales growth slows

+1.17% to $268.34 from $265.23

What moved MCD

  • Q2 adjusted EPS was $3.38, beating the $3.35 estimate, while revenue of $7.099 billion missed the roughly $7.199 billion forecast.
  • Global comparable sales rose 1.3%, in line with expectations; U.S. comparable sales rose 0.8%, down from 2.5% growth a year earlier, as domestic guest counts declined.
  • The company named Skye Anderson, a 26-year company veteran and former U.S. chief operating officer, as the new president of McDonald’s USA, succeeding Joe Erlinger.
  • Shares rose about 2% in premarket trading.

Sources: quiverquant · qz.com

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