Tue, Aug. 18, 2:30 PM
- McDonald's (MCD +0.3%) moves over $101 to a 13-month high as investors start to become more comfortable that a turnaround can take hold.
- Looking ahead, the Street sees McDonald's Q3 same-store sales as coming in flat and Q4 at +0.3%, while UBS has more promising estimates of +1.3% (Q3) and +2.3% (Q4). Anything in positive territory could propel shares past the low $100s.
- There's also an Investor Day event scheduled for November 10 that could be a major catalyst.
- Previously: McDonald's roundup: Store trimming, breakfast and loyalty program tests, shares eye $100 (Aug. 13 2015)
Thu, Aug. 6, 12:19 PM
- The hamburger sector is trading off despite Jack in the Box (JACK -5.8%) and Habit Restaurants (HABT -11.2%) both reporting strong Q2 same-store sales growth.
- Traders think some of the stocks are blowing off steam after recent gains, although worries on the ability of operators to pass off labor and food input costs have also crept up.
- The burger slide is hitting Wendy's (WEN -1.8%), Sonic (SONC -7.2%), Burger King owner Restaurant Brands (QSR -1.5%), and Shake Shack (SHAK -7.3%). McDonald's (MCD) is holding steady with its dividend yield continuing to be a strong backstop.
- Previously: Habit Restaurants lower after earnings (Aug. 06 2015)
- Previously: Strong comp sales at Jack in the Box (Aug. 05 2015)
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.
Mon, Jun. 8, 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.
Fri, May 8, 8:53 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.6% in April vs. -1.8% expected.
- The comp in the U.S. was -2.3%, while the comp for the Asia/Pacific/Middle East/Africa region was -3.8%.
- Sales in Europe were better as strength in U.K. and Germany led to a +1.0% gain in comparable-store sales.
- Systemwide McDonald's sales were 8.8% lower Y/Y (+1.5% constant currency).
- MCD +1.1% premarket to $97.85.
Wed, Apr. 22, 8:44 AM
- Shares of McDonald's (NYSE:MCD) trade higher in early action with investors focused on the May 4 unveiling of a turnaround plan.
- The restaurant chain's string of negative comps in the U.S. stands out with KFC, Taco Bell, Sonic, and Jack in the Box all moving in the other direction.
- Restaurant analysts think the company channeling Ray Kroc's "take risks" mantra could tip a more dramatic transition for the company than originally forecast.
- Previously: McDonald's EPS of $0.84
- Previously: McDonald's to 'take risks' after global traffic slides
- MCD +2.15% premarket.
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.
Mon, Mar. 9, 8:28 AM
- McDonald's (NYSE:MCD) appears to have lost market share during February in the U.S.
- Black Box Intelligence estimates that comparable-store sales in the restaurant industry rose 2.1% in February vs. the 4% decline reported earlier by McDonald's for the month.
- The deceleration across the industry was strongly influenced by a 5.8% drop in New England due to a harsh winter month, while McDonald's cites broader promotional pressure.
- Within the burger sector, Sonic reported a sizzling 11.5% comp for its FQ2 which included all of February and didn't mention any promotional headaches.
- Retail analysts think Sonic (NASDAQ:SONC) and Jack in the Box (NASDAQ:JACK) have converted some loyal McDonald's customers - while on a smaller scale the higher-end burger concepts at Five Guys, Habit Restaurants (NASDAQ:HABT), In-N-Out Burger, and even Shake Shack (NYSE:SHAK) have had an influence.
- An even deeper dive into breakfast traffic has concluded Starbucks (NASDAQ:SBUX) has taken some coffee-on-the-go share.
- Previously: McDonald's misses Feb. comp mark as U.S. disappoints
- MCD -1.21% premarket to $95.95 after shares floated over the $100 level last week.
Mon, Mar. 9, 8:07 AM
- McDonald's (NYSE:MCD) announces global comparable store sales fell 1.7% in February versus -0.3% consensus estimate.
- U.S. comps were down 4.0% during the month.
- The company did not blame weather for the weak U.S. performance, but says "ongoing aggressive" competitive activity in the sector took a toll.
- Europe comps +0.7% as an overall solid performance was dragged down by Russia.
- The Asia/Pacific, Middle East and Africa comp was -4.4% as the company continues to struggle to gain traction in Japan. A shift in the Chinese New year into the month was a positive factor.
- MCD -1.40% premarket to $95.77.
Wed, Mar. 4, 10:11 AM
- McDonald's (MCD -0.5%) will stop buying chickens raised with human antibiotics in a gradual process, according to a report from Reuters.
- An announcement by the company is expected later today.
- The development could be a "tipping point" in the poultry industry, notes industry insider Jonathan Kaplan.
- Shares of chicken-focused Pilgrim's Pride (PPC -1.5%) are lower - while Tyson Foods (TSN -1%), Sanderson Farms (SAFM -0.6%), and Hormel (HRL -0.6%) could all be impacted by a heightened focus on the use of antibiotics with livestock.
- Buffalo Wild Wings (BWLD -1.7%) is also on watch as a company that buys a fair amount of chicken from suppliers.
Tue, Feb. 24, 10:53 AM
- Restaurant stocks are out-performing market averages again as more chains report improved comparable-restaurant sales growth.
- The read on Q1 is that pricing and traffic trends are strong, despite what some broad measures of overall consumer confidence show.
- The $2 gas benefit is believed by analysts to have had a greater impact on restaurant spending than other areas of retail.
- Gainers include Luby's (LUB +4.9%), Cosi (COSI +5.4%), Rave Restaurant Group (RAVE +4.5%), Texas Roadhouse (TXRH +2.4%), Krispy Kreme Dougnuts (KKD +2.8%), Popeyes Louisian Kitchen (PLKI +1.7%), Bob Evans Farms (BOBE +1.1%), Darden Restaurants (DRI +1.4%).
- Even McDonald's (MCD +0.8%), which trailed the Q4 comp average in the sector by a wide margin, is out ahead of the S&P 500.
- Previously: Cracker Barrel +4.1% after traffic accelerates and guidance lifted
Wed, Feb. 18, 10:46 AM
- Restaurants stocks are out-performing as a group after Jack in the Box, Qdboa, Tim Hortons, and Burger King all reported comparable-restaurant sales momentum this week.
- The recent round of earnings from the sector has confirmed analyst predictions of a benefit from lower gas prices in the U.S.
- The developments have also made the recent performance by McDonald's ((NYSE:MCD) -0.2%) look even more anemic.
- Previously: Let's talks $2 gas (Nov. 29 2014)
- Previously: Restaurant sales show sharp increase in January (Feb. 11 2015)
- Leading gainers: Jack in the Box (NASDAQ:JACK) +6.0%, BJ's Restaurants (NASDAQ:BJRI) +3.6%, Sonic (NASDAQ:SONC) +2.6%, Texas Roadhouse (NASDAQ:TXRH) +2.2%, Brinker International (NYSE:EAT) +2.1%, Luby's (NYSE:LUB) +2.0%, Wendy's (NASDAQ:WEN) +1.5%, Cheesecake Factory (NASDAQ:CAKE) +1.4%, Nathan's Famous (NASDAQ:NATH) +1.3%, Ark Restaurants (NASDAQ:ARKR) +1.3%.
Mon, Feb. 9, 2:22 PM
- Shares of McDonald's (MCD -1.3%) trade lower after the company's 1.8% decline in January global comps was worse than the consensus forecast for -1.2%.
- Though analysts see a bright spot in the U.S. with the restaurant chain turning over a positive comp for a second straight month, they warn that the fragile APMEA region could remain under pressure for the first half of the year.
- Comp sales fell off an alarming 39% in Japan during the month.
- The report on February U.S. sales from McDonald's is of interest to see if the highly-advertised Pay with Lovin' program was able to budge the needle.
- A WSJ reporter had a cringeworthy Pay with Lovin' experience last week in what could be an indication of a strategic misfire.
- Others have noted the feel-good aspect of the campaign may be hard to bring home with labor unrest existing in the McDonald's employee ranks.
- Previously: Asia drags down McDonald's in January
Mon, Feb. 9, 8:23 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.8% in January.
- The company saw the comp slide 12.6% on the APMEA region (Asia/Pacific, Middle East, and Africa). A shift in the timing of the Chinese New Year was a factor.
- The U.S. comp turned mildly positive at +0.4% due to some strength in the breakfast daypart.
- The company's performance Germany and the U.K. helped bring up the European comp to +0.5%.
- MCD -0.8% premarket.
Wed, Jan. 28, 5:45 PM
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