Dropping 8% Year To Date, Will McDonald's Stock Recover Post Q1 Results? [Forbes]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Forbes
(NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal first-quarter results on Tuesday, April 30. We expect MCD stock to likely trade higher with both revenues and earnings beating expectations in Q1 results. The weakening of all major currencies against the U.S. dollar was a major headwind for McDonald's in FY 2023. However, the menu price increases have been able to offset this significant headwind. During the pandemic, the company accumulated cash reserves to prepare for recessions, going from cash holdings of $898 million in 2019 to $4.7 billion cash on hand by 2021. The company invested much of that cash in the drive-thru and delivery services and still was able to grow cash back to $4.6 billion by the end of 2023. For 2024, McDonald's expects net restaurant unit expansion will contribute nearly 2% to systemwide sales, and operating margin to be in the mid-to-high 40% range. Capital expenditures will likely b
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MCD
News
- McDonald's to launch $5 meal promo in effort to reinvigorate sales [CBS News]CBS News
- McDonald's $5 value meal is coming in June — and staying for just a month [CNBC]CNBC
- Grocery prices are finally falling [CNN]CNN
- McDonald's is getting rid of free drink refills — and more fast-food chains may follow [Yahoo! Finance]Yahoo! Finance
- Red Lobster in Rohnert Park auctions off entire restaurant [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/14/24 - Form FWP
- MCD's page on the SEC website