Blue-chip fast food name McDonald's Corp (NYSE:MCD) is preparing to enter the earnings confessional, with second-quarter results due out before the open on Monday, July 29. The company's results come after a deluge of disappointing Big Tech earnings, and MCD has a history of mixed post-earnings reactions.Specifically, four of eight next-day sessions were higher, but shares fell 3.7% and 0.2% after the company's last two quarterly reports. The equity averaged a 1.8% swing in the last eight quarters, regardle ...

M. SuhailA few months ago, I argued McDonald's stock was an opportunity below $275. Currently, McDonald's (NYSE:MCD) shares trade below $260. After all, it is not easy for many food companies, be they snack and chocolate producers such as Hershey (HSY) or the coffee shop giant Starbucks (SBUX). Let's recap what is going on. At first, commodity prices (corn and bread, beef and veal, coffee, etc.) soared, and have not truly deflated since the pandemic. Data by YChartsThis puts pressure on costs for many r ...

Key TakeawaysMcDonald's will extend its $5 value meal promotion, according to reports.Bloomberg and CNBC cited an internal memo that indicated the deal is bringing in customers.Most of the company's restaurants will offer the promotion for longer than the originally planned four weeks, the reports said. McDonald’s (MCD) will extend its $5 value meal promotion longer than anticipated because of solid demand, according to reports. Bloomberg reported the deal — for a sandwich, drink, french fries and chicken ...

McDonald’s will be extending its fan-favorite $5 Meal Deal at most of its locations through August, according to a Bloomberg report.The fast-food giant’s limited-time offer – which includes a McDouble or McChicken, a four-piece nugget, a small fry and a small fountain beverage for just $5 – was first introduced in June. The value meal was set to last in restaurants for four weeks in an attempt to draw back cash-strapped customers who have cut their food spending amid long-lasting inflation. 4 The $5 Meal ...

The market expects McDonald's (MCD) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on J ...

In an aerial view, a customer walks by a sign as they leave a McDonald's restaurant on April 03, 2023 in San Pablo, California.McDonald's will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as the fast food giant says the offer is driving traffic back to restaurants.In a memo to the U.S. system obtained by CNBC on Monday, executives wrote that nearly every business unit, encompassing 93% of its restaurants, voted to extend the promotion past its original end date l ...

HONG KONG, CHINA - 2024/07/13: People are seen at the American multinational fast-food hamburger ... [+] restaurant chain McDonald's in Hong Kong. (Photo by Sebastian Ng/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAfter a 12% decline year-to-date, at the current price of around $260 per share, we believe McDonald’s (NYSE: MCD), the world’s largest restaurant chain, consisting of more than 40,000 mostly franchised stores - has likely limited near-term gains. MCD stock has ...

Fast-food and casual dining chains have been serving up affordable meal deals this year in an effort to win back inflation-battered shoppers – and fresh data shows it’s working. Restaurants including McDonald’s, Starbucks, Chili’s and Buffalo Wild Wings saw improved foot traffic after their introduction of meal deals and limited-time discounts, according to a new survey.McDonald’s launched its highly anticipated $5 Meal Deal in June, which includes a McDouble or McChicken, a four-piece nugget, a small fry a ...

The stock market is soaring and investors are giddy about potential interest rate cuts from the Federal Reserve. But I’m not popping the champagne just yet. History shows that interest rate cuts have often preceeded recessions.Sure, the labor market looks strong, and trends like re-industrialization bode well for the economy. However, if GDP underperforms as it did in Q1, there’s always the possibility we could tip into a recession. European investors are already skeptical that this rally will last.I’m not ...

In the latest market close, McDonald's (MCD) reached $251.53, with a -0.93% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.53%, and the technology-dominated Nasdaq saw an increase of 0.4%.The world's biggest hamburger chain's shares have seen an increase of 0.13% over the last month, not keeping up with the Retail-Wholesale sector's gain of 1.3% and the S&P 500's gain of 3.78%.Investors will be eagerly w ...