McDonald's big sales growth expected as labor crunch looms [Reuters]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Reuters
reports second-quarter earnings on Wednesday, but analysts are eyeing whether labor shortages could slow growth. FILE PHOTO: A sign is seen at a McDonald's restaurant in Queens, New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo If results for McDonald's fall short of the mark, the lack of cooks and cashiers could be a culprit, along with competition from other restaurants reopening, independent analyst Mark Kalinowski said in a research note. As the United States and other economies move toward emerging from the COVID-19 pandemic, an increase in demand for food and goods is exacerbating a shortage of servers, retail workers, truckers and delivery drivers. That crunch is causing slow service and menu outages. McDonald's Chief Executive Officer Chris Kempczinski told investors in June that the competition for workers is likely to persist for some time, according to a transcript from a Bernstein conference. To be sure, many fast-food chains have recovered to pre-p
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MCD
News
- Employers boost recruitment of temporary foreign workers, despite softer labour market [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- How to Find Strong Retail-Wholesale Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- Should You Buy McDonald's Stock While It's Below $280? [Yahoo! Finance]Yahoo! Finance
- Evgeni Malkin, McDonald's restaurants donate nearly $100,000 to Ronald McDonald House [CBS News]CBS News
- McDonald's Dips: Earnings May Present A Golden Opportunity [Seeking Alpha]Seeking Alpha
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website