After Taking A Hit During The Pandemic, Restaurants’ Breakfast Business Is Coming Back ‘With Velocity’ [Forbes]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Forbes
In Q2, McDonald's CEO Chris Kempczinski said breakfast was the chain's strongest performing daypart.... [+]The restaurant industry’s recovery has somewhat stalled throughout the past several months, as the inflationary environment relentlessly lingers.But it’s not all bad news. Consumer demand for eating out remains strong and restaurants remain well-positioned as grocery costs trend higher. For some parts of the business, recovery continues to be in full swing. That is especially clear during breakfast hours.New data from The NPD Group finds that thebreakfast daypart ended Q2RMS data“Flat” may not seem all that exciting on paper, but it is very much a success story as inflation-weary consumers rein in theirdiscretionary spending“There’s no doubt the morning daypart is going to come roaring back. And it’s not a question of if, it’s a question of when,” StarbucksSBUXcompany’s Q3 earnings call Aug. 2COO John Culver said morning business continues to grow and represented 51% of the chain
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MCD
News
- Culver's burger chain planning to open as many as 51 new locations in 2024: Here's where [USA TODAY]USA TODAY
- McDonald's: Peak Performance Thesis Sustained [Seeking Alpha]Seeking Alpha
- Why the Market Dipped But McDonald's (MCD) Gained Today [Yahoo! Finance]Yahoo! Finance
- Booming cold drink sales mean more plastic waste. So Starbucks redesigned its cups [Los Angeles Times (CA)]Los Angeles Times
- Hallmark Mahogany Announces Mahogany Honors, an Awards Experience, on April 28 with special guest, Award-Winning Musician, Actress and Entrepreneur Fantasia Barrino-Taylor [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/18/24 - Form PX14A6G
- 4/9/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- MCD's page on the SEC website