KFC Owner's Sales Fall for First Time Since 2020 [BNN Bloomberg (Canada)]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: BNN Bloomberg
Revenue declined 2.9% in the quarter through March after the average estimate from analysts expected a gain. Same-store sales at KFC, the company's biggest chain, fell 2%, weighed down by weakness in the US. Earnings per share also trailed expectations. Restaurants have been a bright spot as shoppers splurged on eating out as disruptions from Covid-19 eased. In the same quarter a year ago, Yum's sales rose nearly 7%. To keep up that kind of growth, the company opened more than 800 restaurants during the quarter. But consumers, including lower-income ones that favor the more affordable prices at Yum's fast-food chains, are becoming more frugal. On Tuesday, McDonald's Corp's posted sales that missed expectations and Starbucks Corp.'s revenue also fell for the first time since 2020. ©2024 Bloomberg L.P. Top Picks
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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