New User:

Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
16:01 EDTMCDOptions Update; November 25, 2015
Subscribe for More Information
November 24, 2015
08:02 EDTMCDMcDonald's Wendy's poised to gain share from Burger King, says Wells Fargo
Wells Fargo believes that value offerings from Wendy's (WEN0 and McDonald's (MCD) will enable the companies to gain market share from Burger King (QSR).
November 20, 2015
06:16 EDTMCDMcDonald's to pay $355K in penalties to settle immigration discrimination suit
Subscribe for More Information
November 17, 2015
06:12 EDTMCDMcDonald's to launch "McPick 2" menu on January 4, WSJ says
Subscribe for More Information
November 16, 2015
06:11 EDTMCDTaco Bell to stop using eggs laid by caged hens by 2017, Reuters reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use