Fri, Jan. 23, 8:16 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.9% in Q4 on soft traffic trends across geographic segments.
- The U.S. comp was down 1.7% in a restaurant sector heading in the other direction (see: Restaurant comps ignited off of $2 gas effect).
- The APMEA comp fell 4.8% on a steep traffic decline amid continued blowback from supplier issues.
- SG&A expenses +5.5% to $662.5M due in part to spending on "positioning" for the future.
- The company heads into 2015 with its lowest capital expenditure budget in five years at $2.0B.
- CEO Don Thompson uses the words "adapting" and "evolve" again in his summary, but warns on further pressure on sales through the first half of the year.
- MCD +1.7% premarket to $92.44.
Fri, Jan. 23, 8:04 AM
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Jul. 22, 2014, 9:46 AM
- McDonald's (MCD -2.3%) opens lower after reporting a 1% Y/Y drop in Q2 earnings, which also came in below expectations,
- Global comparable sales from Q2 were relatively flat vs. expectations of a 0.8% gain, reflecting negative guest traffic in all major segments: Same-store U.S. sales fell 1.5% vs. estimates of a 0.3% decline, reflecting negative comparable guest traffic amid "ongoing broad-based challenges," same-store Europe sales fell 1% vs. expectations for 0.7% growth, and Asia/Pacific same-store sales rose 1.1% vs. estimates for 1.5% growth as China sales remain strong.
- Continuing strength in China is questionable following MCD's entanglement in another Chinese food safety scandal; Forbes’ Brian Solomon says, “If, as they have in the past, Chinese customers again spurn fast food chains associated with safety problems, it could negatively impact the earnings for McDonald’s.”
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Jan. 23, 2014, 8:11 AM
- McDonald's (MCD) reports comparable-store sales rose 0.1% during Q4 as the company made up for lower traffic with a higher average guest check.
- Comparable sales in the U.S. were worse than what analysts anticipated, falling 1.4% vs. 0.5% consensus and 0.9% in Q3.
- In Europe, McDonald's saw comparable store sales growth of 1% on broad positive sales momentum.
- APMEA comp sales fell 2.4% during the period on a weak performance by McDonald's in Japan and China.
- In an early look at Q1 of 2014, McDonald's says global comp sale for January are trending flat.
- MCD -0.5% premarket
Jan. 23, 2014, 8:00 AM| 4 Comments
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