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McDonald's Corp (MCD)

MCD on New York Consolidated

168.30USD
21 Nov 2017
Change (% chg)

$1.37 (+0.82%)
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$166.93
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$170.92
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Latest Key Developments (Source: Significant Developments)

McDonald's on conf call- Beginning in 2019, expect to return to revenue growth ‍​
Tuesday, 24 Oct 2017 11:49am EDT 

Oct 24 (Reuters) - McDonald's :On conf call- beginning in 2019, once we've lapped completion of major refranchising transactions, expect to return to revenue growth ‍​.Received cash proceeds of about $1.6 billion from China, Hong Kong franchising deal, plan to use proceeds to repurchase shares‍​.Franchise margins will now comprise more than 80% of our total restaurant margin dollars going forward.Q3 and 4Q G&A are higher than Q1 and Q2 this year, primarily due to higher technology spending and higher spend in the u.s..Through partnership with Uber Eats, now offer delivery 3,700 restaurants and are on track to reach 5,000 restaurants by year-end.Operating income will be down in near term due to franchising.Mcdelivery is profitable, incremental business.US president - "going to see us next year being really fully competitive with our nearest competitors with the value program ".US president - value program is going to be focused on $1, $2 and $3 price points.  Full Article

McDonald's expects net restaurant additions to add about 1 pct point to 2017 systemwide sales growth
Tuesday, 24 Oct 2017 08:24am EDT 

Oct 24 (Reuters) - McDonald's Corp :McDonald's - Expects net restaurant additions to add about 1 percent point to 2017 systemwide sales growth (in constant currencies) - SEC filing‍​.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 for 2017 to be about $1.7 billion, about one-third of which will be used to open new restaurants‍​.  Full Article

Mcdonald's reports Q3 earnings per share $2.32
Tuesday, 24 Oct 2017 07:58am EDT 

Oct 24 (Reuters) - McDonald's :McDonald's reports third quarter 2017 results.Q3 earnings per share $2.32.Q3 earnings per share view $1.77 -- Thomson Reuters I/B/E/S.McDonald's qtrly ‍global comparable sales increased 6.0%, reflecting positive guest counts in all segments​.McDonald's - ‍In U.S., Q3 comparable sales increased 4.1%​.McDonald's - ‍comparable sales for international lead segment increased 5.7% for quarter​.McDonald's - ‍Due to impact of co's strategic refranchising initiative, consolidated revenues decreased 10% (12% in constant currencies) in quarter​.McDonald's - Qtrly total revenues $5,754.6 million versus $6,424.1 million.McDonald's - ‍In high growth segment, Q3 comparable sales increased 6.2%, led by strong performance in China​.Q3 earnings per share $1.76 excluding items.McDonald's - Foreign currency translation had a positive impact of $0.02 on diluted earnings per share for the quarter‍​.  Full Article

McDonald's raises quarterly cash dividend by 7 pct
Thursday, 21 Sep 2017 04:30pm EDT 

Sept 21 (Reuters) - McDonald's :McDonald's raises quarterly cash dividend by 7 pct.Increases quarterly cash dividend by 7 percent to $1.01 per share.Dividend increase reinforces expectation to return between $22 and $24 billion to shareholders for 3-year period ending 2019.  Full Article

Consumers Union comments on McDonald's global pledge to limit antibiotics in chicken and beef
Wednesday, 23 Aug 2017 12:00pm EDT 

Aug 23 (Reuters) - :Consumers Union on McDonald's plan to limit antibiotics used by its global chicken and beef suppliers.Consumers Union - "urges other fast food chains to take action to protect public health".  Full Article

Soros Fund Management dissolves share stake in Herbalife, Mcdonalds
Monday, 14 Aug 2017 05:21pm EDT 

Aug 14 (Reuters) - Soros Fund Management::Soros Fund Management dissolves share stake in Herbalife Ltd - sec filing.Soros Fund Management dissolves share stake in Mcdonalds Corp.Soros Fund Management - change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017.  Full Article

Citic completes acquisition of interest in McDonald's mainland China & Hong Kong businesses
Friday, 4 Aug 2017 12:12am EDT 

Aug 4 (Reuters) - Citic Ltd <0267.HK>::Completion of acquiring a controlling interest in McDonald's mainland China and Hong Kong businesses.Acquisition of controlling interest in McDonald's mainland China and Hong Kong businesses was completed on 31 July 2017.  Full Article

McDonald's sets quarterly cash dividend of $0.94 per share
Thursday, 27 Jul 2017 04:30pm EDT 

July 27 (Reuters) - Mcdonald's :Sets quarterly cash dividend of $0.94per share.Sets quarterly cash dividend of $0.94per share.  Full Article

McDonald's sees 2017 capex of about $1.7 billion
Tuesday, 25 Jul 2017 08:07am EDT 

July 25 (Reuters) - McDonald's :Says company expects net restaurant additions to add approximately 1 percentage point to 2017 systemwide sales growth‍​.McDonald's sees 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 to complete sale & licensing of existing businesses in China & Hong Kong to developmental licensee organization in coming weeks‍​.  Full Article

Mcdonald's reports Q2 earnings per share $1.70
Tuesday, 25 Jul 2017 07:58am EDT 

July 25 (Reuters) - Mcdonald's Corp ::Mcdonald's reports second quarter 2017 results.Q2 earnings per share $1.70.Q2 earnings per share view $1.62 -- Thomson Reuters I/B/E/S.Mcdonald's - qtrly ‍global comparable sales increased 6.6%​.Mcdonald's - comparable sales for international lead segment increased 6.3pct for quarter.Q2 total revenue $‍6,049.7​ million versus $6,265.0 million.Mcdonald's - ‍in high growth segment, Q2 comparable sales increased 7.0pct​.Q2 revenue view $5.96 billion -- Thomson Reuters I/B/E/S.Mcdonald's - in the U.S., Q2 comparable sales increased 3.9pct.Says "‍we're now introducing our velocity growth plan accelerators in more restaurants around world"​.Mcdonald's - ‍foreign currency translation had a negative impact of $0.03 on diluted earnings per share for quarter.  Full Article

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Starbucks cuts profit outlook as competitors close in

(This story corrects third paragraph to show that U.S. same-store sales up not down.)