McDonald's (MCD) Q1 comparable sales growth falls short
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McDonald's (MCD) PT Lowered to $330 at BMO Capital
May 1, 2024 6:45 AM EDTBMO Capital analyst Andrew Strelzik lowered the price target on McDonald's (NYSE: MCD) to $330.00 (from $335.00) while maintaining a Outperform rating.
The analyst comments "MCD's 1Q24 EPS of $2.70 fell $0.02 below consensus largely owing to modest comp miss across segments attributed to softer industry traffic. MCD... More
McDonald's to introduce 'larger' burger
April 30, 2024 9:02 AM EDTAfter successfully launching its 'Best Burger' initiative, McDonald's (NYSE: MCD) said on Tuesday that it has created an even larger hamburger and will test it in select markets later this year.
"... as we look to further build on our leadership in beef, our team of chefs from around the world have created a larger satiating burger," CFO Ian Borden announced on today's... More
McDonald's posts rare profit miss as customers turn picky
April 30, 2024 7:02 AM EDTBy Savyata Mishra
(Reuters) - McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.
Global comparable sales growth slid for the fourth straight quarter to 1.9%, with the company saying consumers turned "more discriminating with every dollar they spend". Analysts had estimated a 2.35% rise, according to LSEG data.
"Consumer is certainly being very discriminating in how they spend their dollar ... I think it's important to recognize that all income cohorts are seeking value," McDonald's CEO... More
McDonald's (MCD) Misses Q1 EPS by 2c
April 30, 2024 7:01 AM EDTMcDonald's (NYSE: MCD) reported Q1 EPS of $2.70, $0.02 worse than the analyst estimate of $2.72. Revenue for the quarter came in at $6.17 billion versus the consensus estimate of $6.16 billion.
For earnings history and earnings-related data on McDonald's (MCD) click here.
... MoreMcDonald's set for weak sales growth as US fast-food chains grapple with muted traffic
April 29, 2024 8:40 AM EDT(Reuters) - McDonald's is set to report a sequential drop in sales growth for the fourth straight quarter as low-income consumers remain hesitant about eating out even as fast-food chains battle to lure them with value menu items.
The burger giant will report first-quarter results on Tuesday, kicking off earnings for U.S. restaurant chains, with top players such as Starbucks and KFC-parent Yum Brands set to report results later in the week.
"We expect traffic to continue to be negative and believe the average check will remain under pressure from the heavy discounting to recover lower-income... More
