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Stock Market & Financial Investment News

News Breaks
April 19, 2012
12:33 EDTMCDEarnings 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."
News For MCD From The Last 14 Days
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March 26, 2015
17:16 EDTMCDMcDonald's new strategy to create upside, says UBS
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March 24, 2015
14:00 EDTMCDMorgan Stanley says survey results positive for Chipotle, mixed for McDonald's
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March 23, 2015
12:52 EDTMCDMcDonald's calls active on investor letter
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10:12 EDTMCDGlenview said McDonald's could unlock $20B in value with REIT, Bloomberg reports
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March 20, 2015
16:00 EDTMCDOptions Update; March 20, 2015
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March 17, 2015
06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link

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