McDONALD'S ANNOUNCES QUARTERLY CASH DIVIDEND
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Citi Reiterates Neutral Rating on McDonald's (MCD), PT $280
July 29, 2024 8:00 AM EDTCiti analyst Jon Tower reiterated a Neutral rating and $280.00 price target on McDonald's (NYSE: MCD)
The analyst comments "MCD delivered slightly better than feared comps in the US (many investors bracing for a negative LSD US comp), though IOM missed... More
McDonald's stock gains despite missing profit and revenue expectations
July 29, 2024 7:11 AM EDT(Updated - July 29, 2024 10:09 AM EDT)
McDonald's (NYSE: MCD) reported a decline in its second-quarter earnings and revenue, missing analyst estimates. However, the stock gained shortly after, despite the results initially sending its shares lower premarket.
The fast-food giant posted an adjusted EPS of $2.80, falling short of the consensus estimate of $3.07. Revenue for the quarter also came in below expectations at $6.49 billion, compared to the predicted $6.62 billion.
The company's global comparable sales decreased by 1.0%, with negative sales across all segments, including a 0.7% drop in the U.S., a 1.1% decrease in International Operated... More
