Tyson shares close lower, as pinched consumers get choosy about meat [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
On Monday, the company posted mixed earnings results and projected a weaker Q3, as executives signaled a more challenging environment for consumers, who are "a little bit under pressure," CEO Donnie King told Yahoo Finance. "The consumer is experiencing inflation, for housing, for utilities, for virtually everything in the economy and one that is really concerning, is around consumer debt," King said over the phone. Other factors that led to weaker guidance include limited beef cattle availability that could bleed over into next fiscal year, and higher commodity costs. While King tried to point part of the projected numbers on seasonality within pork and prepared foods, and said the company may have "overcooked" the weaker guidance to Yahoo Finance, investors are not buying it. Tyson's shares closed down nearly 6% after dropping as much as 9% during the trading session. Year-to-date, shares up more than 7%, trailing S&P 500's ( ^GSPC ) 10% gain. "It's pretty clear that the
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MCD
News
- McDonald's Stock (NYSE:MCD): Growth Slowdown Isn't a Concern. Here's Why [Yahoo! Finance]Yahoo! Finance
- Here's Why Investors Must Hold McDonald's (MCD) Stock for Now [Yahoo! Finance]Yahoo! Finance
- McDonald's to sell 'Grandma McFlurry' for limited time [FOX Business Network]FOX Business Network
- Walmart says more diners are buying its groceries as fast food gets pricey [MSNBC.com]MSNBC.com
- Corporate Officers Face Expanded Oversight: What To Know [Forbes]Forbes
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