Oct. 21, 2015, 9:32 AM
- McDonald's (NYSE:MCD) confirms it's testing selling Monster Beverage (NASDAQ:MNST) drinks in about 20 stores in Michigan, Illinois, Ohio, Georgia, and Florida.
- A spokesperson for McDonald's said the Monster products are helping to generate incremental traffic and sales for the chain.
- Yesterday, Evercore ISI projected that a broad entry into the quick-service restaurant industry by Monster in the U.S. could add as much as $1.5B to annual revenue.
- Previously: Monster Beverage pops after being spotted in Mickey D's (Oct. 20 2015)
Oct. 21, 2015, 6:26 AM
- Starbucks (NASDAQ:SBUX) and Fiat Chrysler (NYSE:FCAU) have been ordered to pay tens of millions of euros in tax repayments, under a new ruling that may spell big trouble for other corporations.
- "All companies, big or small, multinational or not, should pay their fair share of tax," EU antitrust chief Margrethe Vestager declared at a news conference today, stating the two companies' European tax deals were illegal.
- Who's next? European regulators are finishing up investigations into McDonald's (NYSE:MCD) and Amazon's (NASDAQ:AMZN) tax affairs in Luxembourg and Apple's (NASDAQ:AAPL) arrangements in Ireland.
- Previously: Starbucks, Fiat in hot water over European tax deals (Oct. 15 2015)
Oct. 20, 2015, 9:23 AM
- Sonic (NASDAQ:SONC) CEO Clifford Hudson made an interesting observation during the firm's earnings call last night.
- Hudson called the introduction of all-day breakfast at McDonald's (NYSE:MCD) as "not material" to results at the chain. He and CFO Claudio San Pedro both said a bigger factor for Sonic - and perhaps rivals - is the option for consumers to grab a hamburger in the morning than the ability for them to order breakfast later in the day.
- Another nugget from Hudson is that a large competitor in the space (not McDonald's) has picked up their game from a sales standpoint. It's not clear if Hudson was talking about a burger chain like Wendy's or Jack in the Box, a gas station operator, or perhaps even Chipotle or Starbucks.
- Sonic earnings call transcript
- SONC +6.99% premarket to $28.4.
Oct. 19, 2015, 8:14 AM
- Credit Suisse adds McDonald's (NYSE:MCD) to its US Focus List as one of the firm's top investment ideas.
- Analysts back an Outperform rating and $112 price target on the restaurant stock.
- Shares of McDonald's trade at their highest level of the year as the fast-food chains heads into a period of relatively easy sales comparisons.
- MCD -0.21% premarket to $104.60.
Oct. 15, 2015, 4:10 PM
- McDonald's (NYSE:MCD) is close to deciding -- but hasn't quite yet -- on whether to restructure its sizable real estate assets into a McREIT, boardmember (and Abbott Laboratories CEO) Miles White tells The Wall Street Journal.
- Shares spiked as the news broke, to an all-time high of $105.20 (up 2.3%) before settling to close up 0.8%, at $103.66.
- "We have had a lot of review and a lot of debate" about restructuring, White said. He heads up McDonald's corporate governance committee.
- The company has a major investor update planned for November, and "the long-term role of real estate" is on the table.
- Glenview Capital's Larry Robbins said in March that McDonald's could unlock at least $20B in value by spinning off its real estate. Morgan Stanley argued previously that MCD could be worth $103-$107 under a REIT structure.
Oct. 15, 2015, 3:45 PM
- McDonald's (NYSE:MCD) has spiked -- up 1.8% after a relatively flat day -- on news that the company is close to a decision on changing the structure of some of its real estate assets.
- Shares jumped as high as $105.20, an all-time high.
Oct. 15, 2015, 3:50 AM
- McDonald's (NYSE:MCD) is calling the rollout of all-day breakfast in the U.S. a success and telling franchisees to prepare for the next course: a national value plan.
- "Regaining our dominance in value by aligning around a national value platform and the power of Opnad is the next step," U.S. president Mike Andres wrote in an e-mail to domestic franchisees and employees.
- Opnad is McDonald's national advertising fund that includes contributions from franchise owners.
Oct. 14, 2015, 9:29 AM
- Piper Jaffray's detailed survey of teenagers indicates their restaurants of choice may not be so different than their parents.
- Starbucks (NASDAQ:SBUX) was picked as the top restaurant by the 13-year old to 19-year old group, with Chipotle (NYSE:CMG) and Chick-fil-A ranking second and third.
- Perhaps a surprise, McDonald's (NYSE:MCD) ranked fourth, while Panera Bread (NASDAQ:PNRA) was solid with a 5th place listing.
- Notably missing from the list were Taco Bell (NYSE:YUM), Wendy's (NASDAQ:WEN), and Subway.
- Piper Jaffray infographic on survey results (.pdf)
Oct. 12, 2015, 3:22 PM
- Restaurant sales rose 1.5% in Q3 on a comparable-store basis, a deceleration from the 1.8% growth seen in Q2, according to data from Black Box Intelligence.
- A higher average guest check during the quarter, helped to offset a 1.2% decline in traffic.
- Black Box warns of continued traffic weakness in Q4 due to "stagnant" growth in employment and wages. There's also a tougher weather comparison with last year viewed as an overall favorable winter season for traffic.
- Restaurant stocks: CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, BDL, NATH LUB, QSR, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN, SHAK, HABT, NDLS, BOJA, PBPB, PLKI, FRSH, RAVE, LOCO, TACO, PZZA, KONA, BGR, BJRI, CHUY, FRS, CBRL, GTIM, TAST, ARKR, WING, BOJA, ZOES, PLAY, FOGO, ARCO.
Oct. 8, 2015, 8:36 AM
- McDonald's (NYSE:MCD) lands a Buy rating from SunTrust as the investment firm picks up coverage on the restaurant stock.
- SunTrust takes note of the strong track record of McDonald's CEO Steve Easterbrook in pulling off large-scale turnarounds.
- This week has seen the launch of McDonald's all-day breakfast. Early buzz has been positive on the launch, although the final word will come when Q4 results roll in.
- Previously: The 2:00 p.m. Egg McMuffin is here (Oct. 06 2015)
Oct. 6, 2015, 10:24 AM
- More than 14K McDonald's (NYSE:MCD) stores will sell breakfast items today past the old cutoff time of 10:30 AM in the company's roll-out of all-day breakfast.
- The highly-anticipated initiative involved a significant commitment by franchisees to install extra griddles and train staff on new operating procedures.
- McDonald's and other QSR chains have focused on the breakfast daypart because of strong traffic trends. NPD reports breakfast visits rose 5% for the 12 months ending in June, compared to a 1% gain for lunch visits and flat dinner traffic growth.
- Analysts think McDonald's will get some extra post-breakfast traffic from the program, although there is a risk of lunch diners trading down to lower-priced breakfast items.
- McDonald's All-Day Breakfast Menu
- Eater.com has a full review of all the items on the McDonald's menu.
Oct. 2, 2015, 9:32 AM
- Nomura thinks Chick-fil-A is the biggest long-term threat to McDonald's (NYSE:MCD) in the U.S.
- Chick-fil-A is breaking into new markets and has the brand loyalty that has escaped Mickey D's.
- The private chicken chain is now ranked 8th by sales in the quick-service restaurant industry, despite not being opened on Sundays.
Sep. 29, 2015, 8:18 AM
- McDonald's (NYSE:MCD) is upgraded by Credit Suisse to an Outperform rating after being rated at Neutral.
- The investment firm says same-store sales trends are turning positive for the restaurant chain. McDonald's has the benefit of lapping a period where sales in Asia were extremely weak due to a supplier issue. New initiatives in the U.S. including all-day breakfast are expected to have invigorated the brand a bit.
- Credit Suisse raises its price target on MCD to $112 vs. yesterday's close of $96.06 and the 52-week trading range of $87.50 to $101.88. CS says MCD shares have solid support in the low $90s due to the strong dividend yield.
Sep. 17, 2015, 10:28 AM
- Starbucks (SBUX) showed sizzling single-serve sales growth over the four weeks ending on September 5, according to a new Nielsen data read digested by UBS.
- Single-serve sales were up 41% for Starbucks on 53% unit growth.
- The company grew K-cup market share by 40 bps Y/Y to 16.7% over the period.
- McDonald's (MCD -0.6%) and Dunkin Brands (DNKN) also took K-cup market share, while Keurig Green Mountain (GMCR -2.2%) gave some back.
- Overall, K-cup sales in the U.S. have been growing at a double-digit rate even with some deceleration from last year's pace.
Sep. 15, 2015, 8:59 AM
- Restaurant sales continue to outpace broad retail with a 0.7% M/M gain for August.
- The category rose over 8% during the month on a year-over-year comparison.
- The increase in sales at U.S. restaurants places even more pressure on McDonald's (NYSE:MCD) to report positive same-store sales growth.
- Previously: August Retail Sales +0.2% to miss consensus (Sep. 15 2015)
Sep. 14, 2015, 11:15 AM
- With market eyes on a Fed rate-hike decision considered to be a bit of a toss-up amid differing opinions, Goldman Sachs is banking on the (slightly) more dovish position that the agency will wait until December. The bank is still laying out how to play the hike when it invariably comes.
- Strength in balance sheets is what you need, it says, noting that those companies outperform (by an average 5%) in the three months after a rate-boosting cycle begins. In Goldman's "High Quality Stock" basket: CMG, DLTR, PEP, KMI, BLK, GOOG, AAPL, PCLN, ORCL, WFC.
- Meanwhile, it suggests avoiding companies with high floating-rate debt as they bear the brunt of a move away from near-zero interest rate policy. "When the tightening cycle finally starts, the immediate impact will be felt by firms with high proportions of variable rate borrowing."
- Included in that "avoid" list: CL, COL, JNJ, AAPL, EBAY, MET, KO, GIS, F, MCD, GM, TWX, CVX, AGN, MON.
- (Yes, cash-rich Apple made both lists, having a strong balance sheet along with floating debt.)
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
Country: United States
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