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Stock Market & Financial Investment News

News Breaks
July 21, 2014
14:05 EDTMCDEarnings Preview: McDonald's to return up to $20B to investors from 2014-2016
McDonald's (MCD) is scheduled to report second quarter earnings before the open on Tuesday, July 22, with a conference call scheduled for 12:00 pm ET. McDonald’s franchises and operates fast food restaurants globally. EXPECTATIONS: Analysts are looking for earnings per share of $1.44 on revenue of $7.29B, according to First Call. The consensus range for EPS is $1.41-$1.48 on revenue of $7.1B-$7.46B. LAST QUARTER: McDonald's reported first quarter EPS of $1.21 against estimates of $1.24 and revenue of $6.7B against estimates of $6.73B. McDonald's also reported global comparable sales up 0.1%, with U.S. SSS down 1.7%, Europe SSS up 1.4% and Asia/Pacific, Mideast, Africa SSS up 0.8%. On its conference call, the company said Q1 commodity costs were up 3% in the U.S. and it expected to see similar commodity pressure in Q2. The company also said FY14 market dynamics would remain "similar" to last year. NEWS: During the quarter, McDonald's reported April global SSS up 1.2% and May SSS up 0.9%. On May 28, the company said it expected to return $18B-$20B to shareholders between 2014-2016 through a combination of dividends and share repurchases, representing a 10%-20% increase over amount of cash returned between 2011 and 2013. McDonald's also said it expects to refranchise at least 1,500 restaurants by the end of 2016, primarily in Asia/Pacific, Middle East and Africa and Europe. McDonald's was rumored to be testing "McD Ordering," an order-ahead and mobile payment app. McDonald's and KFC, part of Yum! Brands (YUM), are currently facing a new food scandal in China after Dragon TV, a Shanghai TV station, said food supplier Husi Food Co sold them expired beef and chicken, the Associated Press reported on July 21. STREET RESEARCH: Wells Fargo believes that McDonald's stock will be "relatively resilient," as the firm thinks that over its history the stock has traded more like a consumer staple stock than consumer discretionary shares . The firm sees McDonald's generating "modest" SSS growth. PRICE ACTION: McDonald's shares are trading down almost 2% over the last three months and are up over 0.6% year-to-date.
News For MCD From The Last 14 Days
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July 1, 2015
18:34 EDTMCDMcDonald's tests local food options, Crain's says
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June 26, 2015
06:33 EDTMCDMcDonald’s says child customers drinking less soda, eating more fruit
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June 25, 2015
06:12 EDTMCDMcDonald's wants to sell 413 Taiwan stores to franchise operator, Reuters says
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