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Why Is McDonald's (MCD) Up 1.2% Since Last Earnings Report?
ZACKS· 2024-11-28 17:35
A month has gone by since the last earnings report for McDonald's (MCD) . Shares have added about 1.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is McDonald's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. McDonald's Q3 Earnings & Revenues Beat EstimatesMcDo ...
McDonald's Announces 'McValue' Program for 2025 to Boost Declining Sales
Investopedia· 2024-11-22 14:00
Key TakeawaysMcDonald's announced a new slate of value-focused offerings set to launch next year.The McValue platform will include the extended $5 value meal the chain introduced this summer, along with a "buy one, add one for $1" program.The fast food giant has said customers have pulled back spending on fast food as prices have increased in recent years. McDonald's (MCD) announced its newest value offerings for 2025 on Friday morning, as the company has seen customers tired of high prices turn away from s ...
McDonald's preparing a 2025 'McValue' offering
CNBC· 2024-11-20 18:17
A McDonald's is seen on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City.McDonald's is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants.The company is working on a new "McValue" approach for next year that involves keeping the $5 value meal offer it launched this summer on the menu for the first half of the year, along with introducing a "buy one add one" option for $1 more, CNBC has learned. The "buy one add o ...
Clif Bar $12M settlement: How to file a claim for compensation
Fox Business· 2024-11-20 10:28
Group 1 - Clif Bar has reached a $12 million settlement over allegations of misleading labeling on its products, specifically regarding the healthiness of Clif Bars and Clif Kid ZBars due to added sugar content [2][3] - The United States District Court for the Northern District of California has extended the claim deadline for affected customers to February 2025, allowing claims for purchases made between April 2014 and March 2023 [1][4] - Eligible customers can receive payouts ranging from $5 to $50, with specific eligibility criteria based on purchase dates and locations [4][5] Group 2 - The lawsuit claimed that Clif Bars' labeling, which includes phrases like "Nutrition for Sustained Energy," misled consumers about the health benefits of the products [3] - Clif Bar denies any wrongdoing and asserts that its products are not unhealthy due to added sugar, maintaining that its labeling is accurate [3][2] - Customers had until the end of October to express concerns about the settlement or to opt out, preserving their right to pursue separate legal action against Clif Bar [5]
McDonald's splashes $100mln on repairing damage of E.coli outbreak
Proactiveinvestors NA· 2024-11-18 17:42
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
McDonald's is reportedly spending $100 million to help lure customers back after the E. coli outbreak
Business Insider· 2024-11-18 12:33
Advertisement McDonald's is investing $100 million into recovering from an E. coli outbreak, CNN reported.McDonald's said the outbreak led to a drop in restaurant visits and sales.Marketing and franchise support are key strategies in its efforts to regain customer trust.McDonald's is reportedly spending $100 million to lure customers back to stores following an E. coli outbreak linked to slivered onions served on Quarter Pounder hamburgers.$35 million of the investment is going toward marketing, including ...
麦当劳:Q3美国同店销售同比增速转正
INDUSTRIAL SECURITIES· 2024-11-17 03:52
Investment Rating - The report maintains an "Overweight" rating for the company [6]. Core Views - The company has seen a positive impact from its $5 meal package, which has increased consumption frequency and order volume among low-income consumers, leading to a return to positive same-store sales growth in the U.S. market [7]. - Despite a negative impact from an E. coli incident in late October, the company has taken proactive measures by suspending cooperation with the contaminated supplier and removing affected products from its offerings [7]. - Revenue projections for 2024, 2025, and 2026 are $25.84 billion, $27.18 billion, and $28.73 billion, reflecting year-on-year growth of 1.4%, 5.2%, and 5.7% respectively [7]. - The net profit for the same years is projected to be $8.36 billion, $8.93 billion, and $9.48 billion, with a slight decline in 2024 followed by growth in subsequent years [7]. - The current stock price corresponds to a price-to-earnings (PE) ratio of 26, 24, and 22 for 2024, 2025, and 2026 respectively [7]. Financial Summary - For Q3 2024, the company reported revenue of $6.87 billion, a year-on-year increase of 2.7%, with same-store sales growth returning to positive territory [7]. - The operating profit for Q3 was $3.19 billion, a slight decrease of 0.6% year-on-year, while net profit was $2.26 billion, down 2.7% year-on-year [7]. - The company declared a dividend of $1.67 per share for the quarter, with total dividends and share buybacks reaching $5.9 billion year-to-date, representing 2.76% of the market capitalization as of November 14, 2024 [7]. - The total number of stores in the U.S. stood at 13,498, with international markets also showing growth [7]. Market Data - As of November 14, 2024, the company's closing price was $298.56, with a total market capitalization of $214 billion [2]. - The company has a total of 7.17 billion shares outstanding and a net asset value of -$5.177 billion [2]. - Total assets are reported at $56.172 billion, with a negative book value per share of -$7.22 [2].
McDonald's to invest over $100 million to speed up recovery after E. coli outbreak
CNBC· 2024-11-15 21:52
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.In the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast food giant said it will invest over $100 million to boost restaurant sales and speed up the recovery at impacted franchisees.Of that total, $65 million will be invested into supporting owners who have lost business, targeting those in the hardest-hit states. Approximately $35 million will be ...
Should You Buy, Sell or Retain McDonald's Stock at a 23.91X P/E?
ZACKS· 2024-11-14 16:27
McDonald's Corporation (MCD) is currently trading at a discount compared with its industry peers. With a forward 12-month price/earnings ratio of 23.91X, the stock is priced below the industry average of 26.29X and the broader Retail-Wholesale sector’s 24.4X.P/E (F12M) Image Source: Zacks Investment Research In the past three months, MCD has delivered 8.2% growth, underperforming the industry’s 8.5% rally and the S&P 500’s 8.3% rise. The company's stock performance also lagged major industry players. Chipot ...
Yum! Brands vs. McDonald's: Which Stock Is the Better Buy?
MarketBeat· 2024-11-12 12:15
Although we don’t recommend trying to time the market, timing frequently matters when it comes to buying stocks. And right now, it appears that Yum! Brands Inc. NYSE: YUM may be a better stock to buy than McDonald’s Corp. NYSE: MCD. While McDonald’s is a brand unto itself, Yum! Brands is the parent company of KFC, Taco Bell, Pizza Hut, and Habit Burger Grill restaurant chains.  Yum! Brands TodayYUMYum! Brands$136.62 -0.59 (-0.43%) 52-Week Range$123.70▼$143.20Dividend Yield1.96%P/E Ratio25.54Price Target$14 ...