McDonald's Corporation (MCD) - NYSE
  • Jul. 15, 2015, 10:24 AM
    • McDonald's Japan plans to unveil a concept restaurant in Japan with an entirely different look for an one-day experiment, reports
    • Restaurant M is designed to be an upscale dining experience featuring five courses and white tablecloths. Kotaku has the pictures for non-believers.
    • McDonald's Japan reported a 23.4% Y/Y drop in same-store sales during June.
    • The Japanese restaurant franchise operator is 50%-owned by McDonald's (NYSE:MCD).
    | Jul. 15, 2015, 10:24 AM | 8 Comments
  • Jul. 15, 2015, 9:22 AM
    • Nelson Peltz turned his sights on McDonald's (NYSE:MCD) during an interview on CNBC.
    • The activist investor likes the balances sheet of McDonald's, although he questions if management has the stomach to make the dramatic changes which might be needed.
    • Naturally, as Chairman of Wendy's Peltz was hesitant to go into specifics on how he would turn around the Golden Arches.
    • Though management at McDonalds's has nothing to fear from Trian Partners, hedge funds Jana Partners and Corvex Management have been recent buyers of shares and could create some noise.
    | Jul. 15, 2015, 9:22 AM | 5 Comments
  • Jul. 11, 2015, 12:36 PM
    • Chipotle (NYSE:CMG) has raised prices in the San Francisco area by an average of 10.5% to help offset higher wages the chain is paying out in the region.
    • The minimum wage in San Francisco increased to $12.25/hr in May after sitting at $10.74/hr. The double-digit rise in prices at San Francisco-area Chipotle outlets compared to only a 0.5% increase across the U.S. for the company.
    • Restaurant industry watchers are busy analyzing the impact of minimum wage hikes in San Francisco, Los Angeles ($15), Seattle ($15), and other cities along with the proposed hikes in 29 states (DOL list). The ability to pass off some of the wage burden is crucial with restaurants generating a good portion of their sales growth through higher average guest spending, instead of bustling traffic.
    • What to watch: Though wage pressure is a factor for almost all companies in the restaurant sector, analysts note price elasticity varies widely by chain. Chipotle, Starbucks (NASDAQ:SBUX), Domino's Pizza (NYSE:DPZ) are expected to continue to ease past price hikes without a high correlation on demand, while smaller chains or privately-owned restaurants could be hit the hardest. Dine-in chains like Denny's (NASDAQ:DENN), Red Robin Gourmet Burgers (NASDAQ:RRGB), and IHOP (NYSE:DIN) are also expected to feel a pinch.
    • Burger watch: The rise of competition in the hamburger segment impacts price elasticity negatively for players like Shake Shake (NYSE:SHAK), Habit Restaurants (NASDAQ:HABT), Sonic (NASDAQ:SONC), Burger King (NYSE:QSR), Jack in the Box (NASDAQ:JACK) and Wendy's (NASDAQ:WEN) - while at the top of the heap the timing is tricky for McDonald's (NYSE:MCD) to become too aggressive with price increases amid its turnaround charge.
    • Previously: Higher guest spending boosts restaurants in Q2 (July 10)
    | Jul. 11, 2015, 12:36 PM | 26 Comments
  • Jul. 10, 2015, 2:08 PM
    | Jul. 10, 2015, 2:08 PM | 11 Comments
  • Jul. 9, 2015, 12:15 PM
    | Jul. 9, 2015, 12:15 PM | 41 Comments
  • Jul. 6, 2015, 7:59 AM
    • McDonald's (NYSE:MCD) and Yum's (NYSE:YUM) Kentucky Fried Chicken unit both seek to add digital pay options in China as they attempt to increase sales in the crucial market, WSJ reports.
    • MCD says it will start testing mobile ordering and mobile payment in China under a pilot program in the current quarter, aiming to speed payment and meet consumer demands.
    • Yum says its KFC business teamed up with Alibaba in late June to launch mobile payment services for 700 of its 4,500-plus stores in China.
    • Attracting more diners and swifter sales is key for both MCD and YUM after Chinese media reports last summer connected the companies with a restaurant supplier that allegedly sold them expired meat; the companies dropped the supplier, but sales suffered and have not fully recovered.
    | Jul. 6, 2015, 7:59 AM
  • Jun. 30, 2015, 8:08 AM
    | Jun. 30, 2015, 8:08 AM | 83 Comments
  • Jun. 26, 2015, 3:26 PM
    • McDonald's (MCD +1.5%) plans to unveil a 4.25 ounce premium burger with more pronounced searing marks, according to an internal memo leaked to CNBC.
    • The company has already said it will toast buns longer and grill its meat differently in order to create a better tasting hamburger.
    • Analysts think the fast-food chain is looking to compete more directly with Shake Shack, Five Guys, Habit Restaurants, Smashburger, In-N-Out Burger, and others at the higher burger price points.
    | Jun. 26, 2015, 3:26 PM | 30 Comments
  • Jun. 26, 2015, 11:55 AM
    • Large restaurant chains are showing some strength after consumer sentiment rose to a five-month high.
    • The sector has done very on the pricing and mix end of the matrix, but is still seeing overall sluggish traffic trends.
    • Notable gainers include Restaurant Brands International (NYSE:QSR) +2.3%, Red Robin Gourmet Burgers (NASDAQ:RRGB) +2.3%, Domino's Pizza +2.1% to a new all-time high, Yum Brands (NYSE:YUM) +1.4%, Denny's (NASDAQ:DENN) +1.2%
    • McDonald's (NYSE:MCD) is +0.6% to $96.49. Shares of MCD have poked their head over $100 a few times this year, but many analysts think the company needs to report positive U.S. comparable-store sales growth to escape its current trading range.
    | Jun. 26, 2015, 11:55 AM | 2 Comments
  • Jun. 19, 2015, 12:26 PM
    • McDonald's (MCD +0.3%) discloses more details on how its Create Your Taste platform will operate.
    • Orders placed by customers from the specialized Create Your Taste menu are cooked at separate stations than the traditional store kitchen. Orders take five to eight minutes to prepare and are hand-delivered to customer tables in an open-faced basket.
    • The restaurant chain has stores in six different states and one in Australia testing the format.
    • A broad roll-out to over 2K U.S. locations is expected.
    | Jun. 19, 2015, 12:26 PM | 7 Comments
  • Jun. 18, 2015, 8:00 AM
    • McDonald's (NYSE:MCD) will reduce the number of restaurants it operates in the U.S. for the first time in at least 40 years, according to research by the Associated Press.
    • The estimate takes into account the underperforming stores targeted by McDonald's for closures and new store opening planned for the year as disclosed in SEC filings.
    • The restaurant chain currently has about 14,300 stores in the U.S.
    | Jun. 18, 2015, 8:00 AM | 15 Comments
  • Jun. 13, 2015, 10:39 AM
    • The hiring by McDonald's (NYSE:MCD) of former Obama press secretary Robert Gibbs as it chief communications executive was motivated in part by politics, reasons Restaurant News.
    • The company is fighting a ruling by the National Labor Relations Board that classifies the restaurant chain as a joint employer of franchisee workers.
    • The distinction is potentially damaging for McDonald's.
    • A bill covering the franchisor-franchisee relationship is expected to be introduced in Congress - a development which will be closely monitored by the restaurant industry and a key focus for Gibbs.
    • Gibbs will also be busy with Mickey D's a lightning rod on the political issues of minimum wages and healthy eating.
    • Previously: Key executive positions filled at McDonald's (June 9)
    • MCD +1.44% YTD vs. S&P 500 +2.16%.
    | Jun. 13, 2015, 10:39 AM | 36 Comments
  • Jun. 10, 2015, 8:56 AM
    • Egg prices continue to soar as the avian flu ravages chicken farms across five states in the Midwest.
    • The outbreak has reduced the national flock by 12%, according to an academic study.
    • In a separate development, an undercover study by the Humane Society has identified abusive policies at egg suppliers for Costco (NASDAQ:COST).
    • The animal rights group is pushing for broad industry reform on the living conditions of chickens.
    • The spike in egg prices has been passed on to varying degrees to consumers, although some companies have felt a margin pinch.
    • Egg pricing is in the background at McDonald's (NYSE:MCD), Denny's (NASDAQ:DENN), Nestle (OTCPK:NSRGY), Dunkin' Brands (NASDAQ:DNKN), Post Holdings (NYSE:POST), and Dine Equity (NYSE:DIN) via IHOP.
    • Cal-Maine Foods (NASDAQ:CALM) and Archer Daniels Midland (NYSE:ADM) have been positioned to benefit from the egg squeeze.
    • The hardest hit group is local bakeries which rely on eggs at market prices.
    | Jun. 10, 2015, 8:56 AM | 7 Comments
  • Jun. 9, 2015, 12:22 PM
    • McDonald's (MCD -0.6%) names Robert Gibbs to fill the role of Global Chief Communications Officer
    • Gibbs served as President Obama's press secretary in his first administration.
    • The company appointed Silvia Lagnado to be its Global Chief Marketing Officer.
    • Lagnado is the former CMO at Bacardi Limited.
    • Both execs will report to CEO Steve Easterbrook.
    | Jun. 9, 2015, 12:22 PM | 7 Comments
  • Jun. 8, 2015, 11:42 AM
    • McDonald's (NYSE:MCD) trades level on the day as a sales burst in parts of Europe helped the restaurant chain offset in part ongoing weakness in Asia and the U.S. during May.
    • Miller Tabak thinks comp sales in Asia will be negative through Q3 as supply issues in Japan and China linger.
    • The McDonald's turnaround path in the U.S. is seen by Sterne Agee CRT as roughly in-line with expectations, although other retail analysts are quick to note McDonald's continues to peel off QSR market share to rivals such as Burger King, Wendy's, Sonic, and Jack in the Box.
    • Previously: McDonald's global comp -0.3% vs. -0.9% expected
    | Jun. 8, 2015, 11:42 AM | 2 Comments
  • Jun. 8, 2015, 8:04 AM
    • McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.3% in May vs. -0.9% expected.
    • The comp in the U.S. was -2.2%, while the Asia/Pacific/Middle East/Africa region reported -3.2% comparable-store sales growth.
    • The restaurant chain continued to show improvement in Europe with a 2.3% increase in comparable-store sales.
    • Systemwide McDonald's sales were 7.2% lower Y/Y (+1.8% constant currency) in May.
    • YTD McDonald's global comparable-store sales -1.5%.
    • MCD +0.55% premarket to $96.07.
    | Jun. 8, 2015, 8:04 AM | 5 Comments
Company Description
McDonald’s Corp. engages in the provision of food service retail. Its activities include franchise and operation of McDonald’s restaurants globally. The restaurants offer a range of food menu including hamburgers and cheeseburgers, fillet, french fries, salads, sundaes, pies as well as drinks... More
Sector: Services
Industry: Restaurants
Country: United States