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| 42 Comments
Mon, Jan. 26, 7:46 AM
- Stephens sees opportunity with McDonald's (NYSE:MCD) after shares dipped back below $90.
- The investment firm increases its rating on the restaurant chain to Overweight from Equal Weight and sets a price target of $105.
- Stephens thinks McDonald's can drive sales gains through menu improvement and notes the strong dividend protects on the down side.
- MCD -0.3% premarket
Fri, Jan. 23, 8:04 AM
Dec. 16, 2014, 11:23 AM
- Shares of McDonald's (NYSE:MCD) spike higher with rumors circling around indicating an activist investor is going to step in to pressure management for changes.
- This time around the speculation focuses on Bill Ackman as being the new McDonald's gadfly.
- Last week, McDonald's laid out its version of a strategic plan to grow earnings.
- MCDS +1.9% on a big jump in volume.
Dec. 8, 2014, 8:37 AM
- McDonald's (NYSE:MCD) warns on Q4 results after November sales come in weak.
- The company sees "significant pressure" on company-owned and franchised margins.
- A previously-disclosed supplier issue in China is expected to be a $0.07-$0.10 drag.
- McDonald's also forecasts a $0.07-$0.09 hit from foreign currency translations to the strong U.S. dollar.
- Previously: Weak global comps for McDonald's across major segments
- MCD -2.88% to $93.54.
Dec. 8, 2014, 8:12 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 2.2% vs. -1.7% expected by analysts.
- Comparable-store sales fell 4.6% in the U.S.
- The Europe comp was down 2.0% and APMEA slid 4.0%.
- Decent sales in Canada and "other countries" helped pull up the overall global comp.
- McDonald's says it will simplify its menu in the U.S. and move toward a "locally-driven" organizational structure (Previously: Giant menu no small problem for McDonald's).
- What to watch: There's a growing sense from restaurant sector analysts that CEO Don Thompson may be on a short string with the company's board due to the sputtering sales growth track of the company.
- MCD -2.5% premarket to $93.88.
Nov. 14, 2014, 10:01 AM
- Jana Partners has taken a stake in McDonald's (NYSE:MCD), according to a new SEC filing.
- The hedge fund has accumulated a position of 1.042M shares, inclusive of calls.
- What to watch: Most retail analysts think heavyweight investors will increase the push on McDonald's to simplify their menu and store operations with SSS lagging peers.
- Shares of MCD are up over 1.5% off the development.
- SEC Form 13F
Nov. 10, 2014, 8:08 AM
- McDonald's (NYSE:MCD) reports global comparable-store sales fell 0.5% in October vs. expectations for a 2.2% decline.
- The comp in the U.S. was down 1.0%, while the Europe comp fell 0.7%.
- The Asia/Pacific, Middle East and Africa region saw a 4.2% slide during the month with the same Japan and China supplier issues lingering.
- There's a hint in the commentary from CEO Don Thompson that a larger digital push from the restaurant chain is coming in the U.S.
- MCD +0.6% premarket.
Oct. 21, 2014, 10:51 AM
- McDonald's (MCD -0.4%) warns global same-store sales are likely to be negative in October as the same headwinds in Q3 remain lingering into Q4.
- The restaurant chain faces an erosion of sales growth for different reasons in Asia (safety), the U.S. (quality), and Russia (government intervention).
- If there's one common theme coming from restaurant analysts today, it's the concern over the difficulty the chain is having connecting with millennials.
- The group, which includes teenagers and young adults, tends to dine out less and show a clear preference for what they see as the higher quality options at Chipotle or Starbucks.
- Previous: MCD Q3 earnings, highlights.
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