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News Breaks | | | | April 19, 2012 | | 12:33 EDT |  | MCD | Earnings Preview: McDonald's trading lower ahead of Q1 earnings
McDonald's (MCD) is expected to report Q1 earnings before the market open on Friday, April 20 with a conference call scheduled for 11:00 am ET. Analysts are looking for EPS of $1.23 on revenue of $6.54B. The consensus range is $1.19-$1.26 for EPS, and $6.36B-$6.66B for revenue, according to First Call. In January, the company said commodity prices were "volatile" and said it would strategically take price increases to offset costs. The company forecast a negative impact of 2c-3c from currency on Q1 results and a 16c-18c negative impact on FY12 results. In March, CEO Jim Skinner said he would retire, and will be replaced by President and COO Don Thompson, effective July 1. Tim Fenton, the company's President of Asia, Pacific, Middle East and Africa, will replace Thompson as COO on July 1. Skinner said Thompson is "very talented," and said he believes growth will continue. He said the company is facing headwinds in commodities "like everybody else," and is in a position of strength to adapt. Lazard Capital expects earnings and SSS to fall below the consensus estimates, with results being impacted by austerity measures in Europe, the slowdown of the Chinese economy and foreign currency. Analysts and investors will listen for comments from the company on inflation and commodity prices, as well as competition; Bill Ackman, who took a 29% in Burger King (BKC) through Justice Holdings, has vowed to "do the same things McDonald's has done, but more quickly." | |
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News For MCD From The Last 14 Days Check below for free stories on MCD the last two weeks. |
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| May 17, 2013 | | 06:15 EDT |  | MCD | McDonald's to reduce its menu, Bloomberg reports
 Subscribe for More Information | | | May 10, 2013 | | 06:59 EDT | | MCD | McDonald's to stop selling Angus burgers, Angus snack wraps, AP reports
Subscribe for More Information | | | May 9, 2013 | | 09:38 EDT |  | MCD | Active equity option families trading
Active equity option families trading on open according to Track Data: TSLA AAPL GOOG MNST BIDU MCD. | | | 07:11 EDT | | MCD | Wendy's, McDonald's fight for value conscious customers, WSJ reports
Subscribe for More Information | | | 06:10 EDT | | MCD | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 8, 2013 | | 07:59 EDT |  | MCD | McDonald's reports April global comparable sales down 0.6%
Subscribe for More Information | | | May 7, 2013 | | 11:01 EDT | | MCD | McDonald's to open 200 additional cafes in China, China Daily says
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