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McDonald's Corporation (MCD)

  • Tue, Jul. 28, 3:50 PM
    • Arby's reports same-store sales rose 7.6% in Q2.
    • The privately-held restaurant chain had a 8.5% increase in same-store stores for the first half of the year.
    • The strong performance by Arby's follows similar breakouts at Burger King, Sonic, and Wendy's.
    • Missing from that list is McDonald's (NYSE:MCD) which has been stuck in reverse for sales in the U.S. and globally.
  • Thu, Jul. 23, 2:07 PM
    • McDonald's (MCD +0.5%) is back in positive territory after a bouncy day of trading.
    • There's been mixed reaction from analysts and investors to the report from the Chicago-based company.
    • Though an early read that Q3 global comps are trending positive is a sign of a turnaround, the lack of a sales bounce from promotions in the U.S. (Third-Pound Sirloin Burger, Double Cheeseburger and Fries) tips that menu execution still isn't resonating.
    • There was confirmation from execs that the all-day breakfast initiative is moving forward.
    • Previously: McDonald's beats by $0.02, beats on revenue (Jul. 23 2015)
    • Previously: McDonald's tips positive global comps for Q3 (Jul. 23 2015)
  • Thu, Jul. 23, 8:13 AM
    • McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.7% in Q2.
    • The U.S. comp was -2% on negative traffic, while APMEA was -4.5% and Europe +1.2%.
    • Operating margin growth: U.S -6%, Europe -20%, APMEA -26%.
    • Foreign currency swings cut into total revenue by eleven percentage points, turning a +1% gain to a -10% drop.
    • SG&A expenses -6% to $592.4M.
    • The company says it expects positive global comparable-store sales in Q3 with a return of momentum in China a factor.
    • The restaurant chain will continue to test the all-day breakfast initiative.
    • Previously: McDonald's beats by $0.02, beats on revenue
    • MCD -0.24% premarket to $97.35.
  • Thu, Jul. 23, 7:59 AM
    • McDonald's (NYSE:MCD): Q2 EPS of $1.26 beats by $0.02.
    • Revenue of $6.49B (-9.6% Y/Y) beats by $40M.
    • Press Release
  • Thu, Jul. 23, 4:36 AM
  • Wed, Jul. 22, 5:30 PM
  • Tue, Jul. 21, 10:25 PM
    • McDonald's (NYSE:MCD) might start offering all-day breakfast nationwide as soon as October after a test run went smoothly, according to an internal memo.
    • The measure still needs to be approved by franchisee committees before going to a broad franchisee vote.
    • Analysts think the switch by McDonald's to an all-day breakfast platform is a potential sales driver, although there's been some trepidation over operational challenges.
  • Mon, Jul. 20, 8:59 AM
    • A new note from Credit Suisse on McDonald's (NYSE:MCD) leans to the optimistic side.
    • The investment firm notes the restaurant operator is running into easier compares and should benefit from a more cohesive marketing message.
    • Channel checks indicate the $2.50 double cheeseburger/small fry promotion is resonating well in urban markets.
    • A poll of franchisees indicates the group is mixed on an all-day breakfast initiative and resoundingly negative toward a REIT plan.
    • McDonald's reports Q2 earnings on July 23.
    • Shares of MCD last traded over $100 in mid-May.
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  • Fri, Jul. 17, 9:19 AM
    • Today's read on consumer prices led to a completely different story for milk and eggs.
    • The broad milk price category was down 1.1% M/M and 7.1% Y/Y to offer some relief for a wide variety of companies that includes McDonald's (NYSE:MCD), Starbucks (NASDAQ:SBUX), Coca-Cola (NYSE:KO), Dean Foods (NYSE:DF), WhiteWave Foods (NYSE:WWAV), and General Mills (NYSE:GIS). Milk prices also fell in April and May.
    • Egg prices skyrocketed 18.3% M/M and are now 22% higher from a year ago on an unadjusted basis. Cal-Maine Foods (NASDAQ:CALM) has been shooting higher all year off of elevated egg prices amid an avian flu outbreak.
    • Bureau of Labor Statistics CPI data
  • Thu, Jul. 16, 4:32 PM
    • McDonald's (NYSE:MCD) declares $0.85/share quarterly dividend, in line with previous.
    • Forward yield 3.47%
    • Payable Sept. 16; for shareholders of record Sept. 1; ex-div Aug. 28.
  • Wed, Jul. 15, 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).
  • Wed, Jul. 15, 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.
  • Sat, Jul. 11, 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)
  • Fri, Jul. 10, 2:08 PM
  • Thu, Jul. 9, 12:15 PM
  • Mon, Jul. 6, 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.
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Company Description
McDonald's Corp franchises and operates McDonald's restaurants in the food service industry. Its geographic segments include the United States, Europe, and Asia-Pacific, Middle East and Africa.
Sector: Services
Industry: Restaurants
Country: United States