Wed, Apr. 22, 8:07 AM
- Global comparable-store sales fell 2.3% for McDonald's (NYSE:MCD) in Q1.
- Foreign exchange swings cut into revenue by 10 full percentage points.
- Comparable-store sales fell in each of the company's geographic regions (U.S. -2.6%, Europe -0.6%, APMEA -8.3%) on weak traffic patterns.
- SG&A expenses fell 6% to $583M during the quarter.
- Total operating expenses were 4% lower to $4.573B which may have helped the company beat EPS estimates.
- The company says a turnaround plan will be detailed on May 4. CEO Steve Easterbrook quotes McDonald's founder Ray Kroc in saying "taking risks" is part of the new operating paradigm.
- MCD +0.82% premarket to $95.61.
Wed, Apr. 22, 8:02 AM
Tue, Apr. 21, 5:30 PM
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
Thu, Jan. 22, 5:30 PM
Oct. 21, 2014, 8:02 AM
Oct. 20, 2014, 5:30 PM
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.”
Jul. 22, 2014, 8:00 AM
Jul. 21, 2014, 5:30 PM
Apr. 22, 2014, 7:58 AM
Apr. 22, 2014, 12:05 AM
Apr. 21, 2014, 5:30 PM
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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