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Mcdonald's Corp (MCD)

MCD on New York Consolidated

183.17USD
22 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Mcdonald's Expects Earnings Pressure In 2019 From Labor, Remodel Depreciation, Commodities, Foreign Currency Related Effects
Wednesday, 30 Jan 2019 02:33pm EST 

Jan 30 (Reuters) - Mcdonald's Corp ::MCDONALD'S CORP SAYS UK HAS 51 CONSECUTIVE QUARTERS OF LIKE-FOR-LIKE SALES GROWTH AND CONTINUE TO GAIN SHARE IN A SHRINKING MARKET- CONF CALL.MCDONALD'S CORP SAYS CONVERTED 4,500 RESTAURANTS IN THE U.S. LAST YEAR DUE TO EXPERIENCE OF THE FUTURE PROGRAM- CONF CALL.MCDONALD'S CORP SAYS QSR ENVIRONMENT IN THE U.S. PROVED CHALLENGING IN Q4 WITH AGGRESSIVE PROMOTIONAL ACTIVITY THROUGHOUT THE INDUSTRY- CONF CALL.MCDONALD'S CORP-CONSTRUCTION DOWNTIME, SLOWER SALES RECOVERY RELATED TO AGGRESSIVE PACE OF MODERNIZATION IN U.S. WAS A HEADWIND IN 2018-CONF CALL.MCDONALD'S CORP- COMMODITY COSTS UP ABOUT 2.5 PERCENT FOR BOTH Q4, FULL YEAR. MENU PRICE INCREASES WERE AROUND 2 PERCENT FOR Q4 -CONF CALL.MCDONALD'S CORP SAYS DELIVERY AVAILABLE FOR OVER 19,000 RESTAURANTS, HAS BECOME A $3 BILLION BUSINESS -CONF CALL.MCDONALD'S CORP EXPECTS EARNINGS PRESSURE FROM LABOR, REMODEL DEPRECIATION, COMMODITIES AND FOREIGN CURRENCY RELATED EFFECTS-CONF CALL.MCDONALD'S CORP EXPECT COMMODITY INCREASES IN THE U.S. OF 1% TO 2% FOR THE YEAR AND AN INCREASE OF ABOUT 2% IN KEY MARKETS OUTSIDE U.S.-CONF CALL.MCDONALD'S CORP CEO STEPHEN EASTERBROOK SAYS HE STILL REMAINS OPTIMISTIC DESPITE TIGHTENING ECONOMIES AND SHIFTING POLITICAL ENVIRONMENTS - CONF CALL.  Full Article

Mcdonald's -Expects Net Restaurant Additions To Add Approximately 1 Percentage Point To 2019 Systemwide Sales Growth (In Constant Currencies)
Wednesday, 30 Jan 2019 08:18am EST 

Jan 30 (Reuters) - Mcdonald's Corp ::MCDONALD'S -EXPECTS NET RESTAURANT ADDITIONS TO ADD APPROXIMATELY 1 PERCENTAGE POINT TO 2019 SYSTEMWIDE SALES GROWTH (IN CONSTANT CURRENCIES).MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) SYSTEMWIDE SALES GROWTH OF 3 PCT TO 5 PCT.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) OPERATING MARGIN IN MID-40 PCT RANGE.MCDONALD'S - EXPECTS INTEREST EXPENSE FOR FULL YEAR 2019 TO INCREASE ABOUT 10 PCT TO 12 PCT DUE PRIMARILY TO HIGHER AVERAGE DEBT BALANCES..MCDONALD'S - EXPECTS CAPITAL EXPENDITURES FOR 2019 TO BE APPROXIMATELY $2.3 BILLION.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) EARNINGS PER SHARE GROWTH IN HIGH-SINGLE DIGITS.MCDONALD'S - EXPECTS ABOUT 750 NET RESTAURANT ADDITIONS IN 2019 - SEC FILING.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) RETURN ON INCREMENTAL INVESTED CAPITAL IN MID-20 PCT RANGE.MCDONALD'S - EXPECTS ABOUT 750 NET RESTAURANT ADDITIONS IN 2019.MCDONALD'S - DURING 2019, THE COMPANY EXPECTS TO RETURN ABOUT $9 BILLION TO SHAREHOLDERS.  Full Article

Supermac’s Says Big Mac Trademark Revoked By European Trademark Office
Tuesday, 15 Jan 2019 01:58pm EST 

Jan 15 (Reuters) - Supermac’s::SUPERMAC’S SAYS BIG MAC TRADEMARK REVOKED BY EUROPEAN TRADEMARK OFFICE ON FOOT OF SUPERMAC’S APPLICATION.  Full Article

Mcdonald’s Launches Career Advising Campaign For Restaurant Employees With Help Of Five Industry Influencers
Tuesday, 30 Oct 2018 09:01am EDT 

Oct 30 (Reuters) - Mcdonald's Corp ::MCDONALD’S SAYS LAUNCHING CAREER ADVISING CAMPAIGN FOR RESTAURANT EMPLOYEES WITH HELP OF FIVE INDUSTRY INFLUENCERS.MCDONALD’S SAYS PLANS TO LAUNCH APP FOR CAREER & EDUCATION EXPLORATION FEATURING BUILT-IN GUIDANCE & RESOURCES TO HELP PEOPLE ADVANCE CAREERS.MCDONALD’S SAYS EVEN THOUGH UNEMPLOYMENT RATE AT NEAR 50-YEAR LOW, DON’T HAVE "QUALIFIED PEOPLE" TO FILL JOBS.  Full Article

McDonald's says U.S. guest counts fell, but grew in most int'l markets
Tuesday, 23 Oct 2018 12:06pm EDT 

Oct 23 (Reuters) - McDonald's Corp CONFERENCE CALL: :CEO ON CONF CALL- OPENED 375 RESTAURANTS IN CHINA SO FAR IN 2018 AND EXPECT TO OPEN 400 STORES IN 2019.CFO - "GUEST COUNTS GREW IN MOST OF OUR TOP INTERNATIONAL MARKETS. WHILE IN THE U.S., GUEST COUNTS DECLINED DURING THE QUARTER".CFO - INITIATIVES DEPLOYED ACROSS THE U.S. FROM DELIVERY TO SELF ORDER KIOSKS CONTRIBUTED TO THE HIGHER CHECK.CFO - "THE ENVIRONMENT IN THE U.S. REMAINS VERY COMPETITIVE, ESPECIALLY AROUND VALUE AND FEEL OFFERINGS".CFO - WILL SOON LAUNCH A NEW CLASSIC MEAL DEAL OPTION FEATURING SOME CORE MENU ITEMS; WILL ALSO BE INTRODUCING NEW BREAKFAST ITEMS.CEO- IN U.K, AUSTRALIA, FRANCE, DELIVERY REPRESENTS AS MUCH AS 10% OF SALES AT RESTAURANTS OFFERING DELIVERY.CEO- OVERALL, RESTAURANTS HAVE EXPERIENCED A LITTLE LONGER DOWNTIME THAN EXPECTED DUE TO 'EXPERIENCE OF FUTURE' TRANSFORMATION IN US.CEO- NEARLY 85% OF TOTAL RESTAURANT MARGIN DOLLARS FOR THE QUARTER CAME FROM FRANCHISE BUSINESS.CEO- U.S. RESTAURANT TRANSFORMATION LEADING TO TEMPORARY DECLINE IN LABOR PRODUCTIVITY, DEPRECIATION PRESSURE ON MARGINS.CEO- Q3 PRICING IN US WAS UP ABOUT 2 PERCENT, WHILE COMMODITY COSTS INCREASED NEARLY 3 PERCENT; EXPECT COMMODITY PRESSURES TO EASE SOMEWHAT IN Q4.CEO- NOW EXPECT G&A COST TO BE DOWN ABOUT 1-2 PERCENT FOR FY; EFFECTIVE TAX RATE TO BE IN RANGE OF 24-26 PERCENT, DOWN FROM 25-27 PERCENT.  Full Article

Mcdonald's Expects Interest Expense To Rise For FY 2018
Tuesday, 23 Oct 2018 08:54am EDT 

Oct 23 (Reuters) - Mcdonald's Corp ::MCDONALD'S - EXPECTS INTEREST EXPENSE FOR FY 2018 TO INCREASE ABOUT 6% TO 7% DUE PRIMARILY TO HIGHER AVERAGE DEBT BALANCES.MCDONALD'S - EXPECTS NET RESTAURANT ADDITIONS TO ADD ABOUT 1 PERCENTAGE POINT TO 2018 SYSTEMWIDE SALES GROWTH.MCDONALD'S - FOR FY 2018, COSTS FOR TOTAL BASKET OF GOODS EXPECTED TO INCREASE ABOUT 2% IN U.S. AND INTERNATIONAL LEAD SEGMENTS.MCDONALD'S - EXPECTS FY 2018 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO DECREASE ABOUT 1% TO 2% IN CONSTANT CURRENCIES.MCDONALD'S - COMPANY EXPECTS CAPITAL EXPENDITURES FOR 2018 TO BE APPROXIMATELY $2.5 BILLION..MCDONALD'S - EXPECTS NET ADDITIONS OF ABOUT 600 RESTAURANTS IN 2018.MCDONALD'S-SEES ADOPTION OF NEW ACCOUNTING GUIDANCE TO NEGATIVELY IMPACT 2018 CONSOLIDATED FRANCHISED REVENUES AND FRANCHISED MARGINS BY ABOUT $50 MILLION.  Full Article

Mcdonald's Q3 Earnings Per Share $2.10
Tuesday, 23 Oct 2018 07:58am EDT 

Oct 23 (Reuters) - Mcdonald's Corp ::REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $2.10.Q3 EARNINGS PER SHARE VIEW $1.99 -- THOMSON REUTERS I/B/E/S.Q3 GLOBAL SAME STORE SALES ROSE 4.2 PERCENT.IN THE INTERNATIONAL LEAD SEGMENT, THIRD QUARTER COMPARABLE SALES INCREASED 5.4%.QTRLY TOTAL REVENUES $5,369.4 MILLION VERSUS $5,754.6 MILLION.IN THE U.S., THIRD QUARTER COMPARABLE SALES INCREASED 2.4%.QTRLY SYSTEMWIDE SALES INCREASED 5% IN CONSTANT CURRENCIES.FOREIGN CURRENCY TRANSLATION HAD NEGATIVE IMPACT OF $0.05 ON DILUTED EPS FOR QUARTER.CEO SAYS "REMAIN CONFIDENT THAT OUR STRATEGY WILL DRIVE LONG-TERM, PROFITABLE GROWTH".IMPACT OF PRIOR YEAR GAIN & RESTRUCTURING & IMPAIRMENT CHARGES TOTALED $0.56 PER SHARE IN QUARTER.INCREASED THE CASH RETURN TO SHAREHOLDER TARGET FOR THE 3-YEAR PERIOD ENDING 2019 TO ABOUT $25 BILLION.Q3 REVENUE VIEW $5.32 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Mcdonald's To Operate Under New Organizational Structure From Jan 1
Monday, 24 Sep 2018 11:00am EDT 

Sept 24 (Reuters) - Mcdonald's Corp ::MCDONALD'S ANNOUNCES PRESIDENT, INTERNATIONAL LEAD MARKETS & CHIEF RESTAURANT OFFICER DOUG GOARE TO RETIRE.MCDONALD'S - BOARD OF DIRECTORS APPROVED SEVERAL ORGANIZATIONAL CHANGES TO MCDONALD'S GLOBAL BUSINESS.MCDONALD'S - PRESIDENT, INTERNATIONAL LEAD MARKETS & CHIEF RESTAURANT OFFICER DOUG GOARE, 66, WILL RETIRE AFTER 40 YEARS OF SERVICE ON DEC 31, 2018.MCDONALD'S - BEGINNING JANUARY 1, 2019, MCDONALD'S WILL OPERATE UNDER A NEW ORGANIZATIONAL STRUCTURE.  Full Article

McDonald's Increases Quarterly Cash Dividend To $1.16/Share
Thursday, 20 Sep 2018 06:30pm EDT 

Sept 20 (Reuters) - Mcdonald's Corp ::MCDONALD'S RAISES QUARTERLY CASH DIVIDEND BY 15%.INCREASES QUARTERLY CASH DIVIDEND BY 15 PERCENT TO $1.16PER SHARE.CASH RETURN TO SHAREHOLDER TARGET FOR 3-YEAR PERIOD ENDING 2019 INCREASED TO ABOUT $25 BILLION.EXPERIENCED INCREASED CAPITAL ALLOCATION FLEXIBILITY DUE TO EVOLUTION OF CO'S BUSINESS MODEL & EFFECTS OF TAX CUTS & JOBS ACT OF 2017.  Full Article

FDA Investigation Of Outbreak Of Cyclospora Illnesses Linked To Salad Mix Served At McDonald's Ends
Thursday, 13 Sep 2018 12:55pm EDT 

Sept 13 (Reuters) - U.S. Food and Drug Administration::FDA INVESTIGATION OF A MULTISTATE OUTBREAK OF CYCLOSPORA ILLNESSES LINKED TO FRESH EXPRESS SALAD MIX SERVED AT MCDONALD’S ENDS.FDA SAYS A TOTAL OF 511 LABORATORY-CONFIRMED CASES OF CYCLOSPORA INFECTION WERE REPORTED IN PEOPLE WHO CONSUMED SALADS FROM MCDONALD’S RESTAURANTS.  Full Article

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Tyson Foods quarterly sales miss on lower pork sales

Tyson Foods Inc reported weaker-than-expected first-quarter sales on Thursday as the largest U.S. meat processor was stung by weaker pork prices and sales volumes and lower chicken prices.