Strong business strategy required in decelerating restaurant market, says senior analyst [BNN Bloomberg (Canada)]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: BNN Bloomberg
“The entire market is becoming a little more discretionary with their dollars spent,” Danilo Gargiulo, senior analyst in restaurants at Bernstein, said in an interview with BNN Bloomberg on Tuesday. Danilo Gargiulo, a senior analyst in restaurants at Bernstein, said in an interview with BNN Bloomberg on Tuesday that consumers are becoming “more peculiar in how they're spending their marginal dollars.” “And so in an environment where you're starting to see some deceleration on same-store sales and definitely some compression in traffic, you are seeing some players, like McDonald's, seeing some more deceleration versus others like Restaurant Brands International,” he said. Gargiulo added that chains such as Tim Hortons and Burger King are seeing positive momentum given the current environment. “I think Tim Hortons is the biggest in terms of our expectations versus what we hear from investors typically,” he said, adding that the restaurant chain is considered to be “a relatively
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MCD
News
- Wendy's joins McDonald's in announcing a new value meal as the fast food wars heat up [Business Insider]Business Insider
- With 72% ownership of the shares, McDonald's Corporation (NYSE:MCD) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Some McDonald's franchises may charge for refills [Yahoo! Finance]Yahoo! Finance
- McDonald's is getting rid of self-serve drinks and some locations may charge for refills [CBS News]CBS News
- Fast food wars: Wendy's offers $3 breakfast meal deal after McDonald's unveiled $5 combo [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 5/20/24 - Form 8-K
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- MCD's page on the SEC website