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McDonald's Corp (MCD)

MCD on New York Consolidated

129.10USD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Mcdonald's expects capital expenditures for 2017 to be about $1.7 bln
Wednesday, 1 Mar 2017 12:25pm EST 

Mcdonald's Corp : Mcdonald's - expects capital expenditures for 2017 to be approximately $1.7 billion, about one-third of which will be used to open new restaurants .Mcdonald's-Expects capital expenditures to decline by about $500 million from 2017 level of $1.7 billion, once u.s. Restaurant modernization work completed.  Full Article

McDonald's says initiating new 3-year target for cash return to shareholders
Wednesday, 1 Mar 2017 12:15pm EST 

McDonald's : McDonald's unveils new global growth plan . Initiating a new 3-year target for cash return to shareholders . Aannounced a new $22 to $24 billion cash return target for 3-year period ending 2019 . Establishing new financial targets for sales, operating margin, earnings per share and return on incremental invested capital . In 2016 , China's delivery business grew 30% . Company is on track to refranchise 4,000 restaurants by end of 2017, a full year ahead of schedule . McDonald's says in near-term, Mcdonald's is redirecting a portion of capital saved from refranchising to modernizing U.S. Estate . In near-term, Mcdonald's is redirecting a portion of capital saved from refranchising to modernizing U.S. Estate . McDonald's says company plans to reimage about 650 restaurants in 2017 . Achieved more than $200 million in savings through end of 2016 towards its goal of reducing net G&A levels by $500 million by end of 2018 . Intends to have most of traditional free-standing U.S. Restaurants modernized by end of 2020 . Sees long-term systemwide sales growth of 3% to 5% beginning in 2019 . Expects to trim another 5% to 10% net G&A levels from its remaining cost base by end of 2019 . McDonald's says for beginning in 2019 expects to grow operating margin from high-20% range to mid-40% range.  Full Article

McDonald's sells its Nordic restaurants to chairman of Terra Firma - NYT
Friday, 27 Jan 2017 05:02am EST 

:McDonald's sells its Nordic restaurants to Guy Hands, chairman of Terra Firma - NYT.  Full Article

McDonald's announces quarterly cash dividend
Thursday, 26 Jan 2017 04:30pm EST 

McDonald's : McDonald's announces quarterly cash dividend .Sets quarterly cash dividend of $0.94 per share.  Full Article

Affine has signed a lease agreement with Mcdonald's in Bordeaux
Thursday, 22 Dec 2016 12:46pm EST 

Affine Re SA :Affine has signed a lease agreement with Mcdonald's for operating of a 335 square meter restaurant in its shopping mall Quai des Marques in center of Bordeaux.  Full Article

McDonald's says is creating a new integrated international holding co structure
Thursday, 8 Dec 2016 10:25am EST 

McDonald's Corp : Creating a new integrated international holding company structure as part of its recent business re-organisation . New international holding company structure will be located in the UK and domiciled in the UK for tax purposes . Changes will result in the creation of a unified structure located in the United Kingdom . The new change will result in the closure of the company’s operations in Geneva . Co's office in Luxembourg to retain responsibility for luxembourg restaurants but other functions will transfer to new UK-based holding co Further company coverage: [MCD.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mcdonald's gets new developmental licensee for Malaysia and Singapore units
Friday, 2 Dec 2016 08:00am EST 

Mcdonald's Corp: Mcdonald's Corporation announces new developmental licensee for its business in Malaysia and Singapore . Mcdonald's - financial terms of transaction were not disclosed .Mcdonald's- New DL assumed ownership of Co's business in Malaysia, Singapore which includes total of 390 restaurants, more than 80% of which were co-owned.  Full Article

Citic-Carlyle consortium nearing a deal to buy Mcdonald's China, Hong Kong stores - source
Thursday, 1 Dec 2016 07:50am EST 

: Citic-Carlyle consortium nearing a deal to buy Mcdonald's China, Hong Kong stores - source ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Citic and Carlyle team take pole position for Mcdonald’s China - FT, citing sources
Thursday, 1 Dec 2016 06:40am EST 

: Citic and Carlyle team take pole position for Mcdonald’s China - FT, citing sources . Team led by Chinese conglomerate Citic Group Corp and U.S.-based private equity house Carlyle has emerged as final global group seeking to buy Mcdonald’s China franchise - FT citing sources . Mcdonald’s China franchise deal could fetch between $2billion-$3billion - FT citing sources . TPG Capital and Bain Capital have dropped out of the process of bidding for Mcdonald's China franchise - FT, citing sources Source : http://on.ft.com/2fImVAv ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mcdonald's expects to incur $130 mln pretax charge in Q3
Thursday, 13 Oct 2016 04:15pm EDT 

Mcdonald's Corp : Mcdonald's announces third quarter strategic charges . Mcdonald's Corp - Going forward, company expects to incur additional strategic charges in connection with ongoing initiatives . Mcdonald's - For quarter ended Sept 30, 2016, expects to incur approximately $130 million in pretax charges, or about $0.12 per share on an after-tax basis .Strategic changes related to initiatives outlined in November 2015.  Full Article

More From Around the Web

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McDonald's shareholders to weigh giving franchisees board seat

LOS ANGELES McDonald's Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday.