McDonald’s Corp.(MCD - Free Report) is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.
McDonald’s posted improved comps in its key regions in the third quarter and it seems that the company’s strategic efforts to boost sales have started yielding results. The company is focusing on product innovation, offering a value menu and rolling out more limited-time offerings which should boost results.
Further, McDonald’s is trimming complicated menus, speeding up service, testing customized burgers and sandwiches to compete with other popular restaurants. The company is also working on a digital strategy and mobile technologies to lower costs further.
Analysts are cautious in the recent months about the company’s earnings. Investors should also note the recent earnings estimate revisions for MCD has been moving downwards over the past 7 days.
Nevertheless, McDonald’s has delivered positive earnings surprises in all the trailing four quarters and has an average positive earnings surprise of 5.70%.
Currently, MCD has a Zacks Rank #3 (Hold) but that could change following McDonald’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MCD misses on earnings. Our consensus earnings estimate called for EPS of $1.38 per share, and the company reported earnings per share of $1.25 per share.
Revenues:MCD reported revenues of $6.265 billion. This lags our consensus estimate of 6.281 billion.
Key Stats to Note: Global comps for the second quarter grew 3.1% that compared unfavorably to 6.2% growth in the preceding quarter. All the segments posted positive comps. However, foreign currency translation hurt profits.
Share Price: Shares of McDonald’s were down around 2% in the pre-market trading session.
Check back later for our full write up on this MCD earnings report later!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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McDonald’s Corp.(MCD - Free Report) is a leading fast-food chain that offers various food items, soft drinks, coffee, and other beverages, as well as breakfast menus. The company aims to continuously build its brand by adapting to changing consumer preference.
McDonald’s posted improved comps in its key regions in the third quarter and it seems that the company’s strategic efforts to boost sales have started yielding results. The company is focusing on product innovation, offering a value menu and rolling out more limited-time offerings which should boost results.
Further, McDonald’s is trimming complicated menus, speeding up service, testing customized burgers and sandwiches to compete with other popular restaurants. The company is also working on a digital strategy and mobile technologies to lower costs further.
Analysts are cautious in the recent months about the company’s earnings. Investors should also note the recent earnings estimate revisions for MCD has been moving downwards over the past 7 days.
Nevertheless, McDonald’s has delivered positive earnings surprises in all the trailing four quarters and has an average positive earnings surprise of 5.70%.
Currently, MCD has a Zacks Rank #3 (Hold) but that could change following McDonald’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: MCD misses on earnings. Our consensus earnings estimate called for EPS of $1.38 per share, and the company reported earnings per share of $1.25 per share.
Revenues:MCD reported revenues of $6.265 billion. This lags our consensus estimate of 6.281 billion.
Key Stats to Note: Global comps for the second quarter grew 3.1% that compared unfavorably to 6.2% growth in the preceding quarter. All the segments posted positive comps. However, foreign currency translation hurt profits.
Share Price: Shares of McDonald’s were down around 2% in the pre-market trading session.
Check back later for our full write up on this MCD earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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