McDonald’s has defeated Byron Allen’s $100 million lawsuit, in which he accused the fast-food giant of lying when it pledged to increase national ad spend with black-owned outlets. A Los Angeles Superior Court judge dismissed the lawsuit filed by the media exec’s Allen Media on Sunday. Allen’s suit hinged on a specific interpretation of claims McDonald’s made in a 2021 press release outlining its promises to increase its spending with black-owned businesses overall. But the judge ruled that Allen’s legal m ...

ATLANTA, Feb. 7, 2024 /PRNewswire/ -- Operation HOPE today announced that McDonald's Corporation (NYSE: MCD) is deepening its partnership with the Atlanta-based non-profit as a 'Founder's Circle' member of The 1865 Project. McDonald's Corporation's generous contribution of $1 million, reaffirms the company's dedication to supporting national financial literacy initiatives that uplift and empower communities. The substantial donation will bolster Operation HOPE's groundbreaking endeavor, inspired by the hist ...

Nathan Stirk/Getty Images News Investment Thesis McDonald's Corporation (NYSE:MCD) continues be a highly profitable business with both great topline and bottom-line growth characterizing their FY23. Despite a difficult macroeconomic backdrop, McDonald's managed to grow sales and margins thanks to efficient cost control and a great understanding of what customers want from the menu. When combined with a reasonable 8% undervaluation given a base-case scenario, I believe the firm's stock still makes for a comp ...

Is the $18 Big Mac combo what finally broke America?Low-income customers making less than $45,000 per year have largely stopped ordering from McDonald’s, the fast-food giant’s chief executive Chris Kempczinski admitted Monday on an earnings call with Wall Street analysts.A Big Mac, fries and drink has risen to nearly $18 at a handful of locations while hash browns are up to $6.And it’s driven away customers fed up with inflation. Global same-store sales in the latest quarter had grown just 3.4%, falling sh ...

Despite a fourth-quarter earnings beat from McDonald's Corp. (MCD) Monday, investors focused on the company missing its revenue estimates, sending the company's stock sharply lower.The international fast-food giant posted better-than-expected diluted earnings per share of $2.95 as revenue rose 8% from the year-ago period to $6.41 billion, which was slightly shy of expectations.The big concern for investors was the impact on sales from boycotts tied to the Israel-Hamas war. The company's International Develo ...

McDonald’s CEO admitted the burger giant’s sales have taken a hit as jacked-up menu prices have turned off core customers — and signaled the chain plans to focus on “affordability” this year. The Chicago-based fast-food behemoth — which has lately taken heat over a Big Mac combo meal priced at $18 — said its global same-store sales in the latest quarter had grown just 3.4%, falling short of the 4.7% growth Wall Street had expected.The lackluster quarter — which the company also blamed on conflict in the Mi ...

财联社2月6日讯（编辑 牛占林）美国最大的两家餐饮公司麦当劳和星巴克都表示，以巴以冲突为中心的地缘冲突在去年底损害了它们的业绩，并认为未来几个季度将继续遭受负面冲击。 周一美股盘中，麦当劳股价跌逾4%，几小时前，该公司宣布，中东销售放缓是其第四季度营收下滑的原因之一。星巴克跌近1%，该公司此前将全年收入预期增长从之前的10%-12%下调至7%-9%。 两家美国餐饮公司均称中东冲突影响了他们的产品销售，并可能在未来几个季度继续影响需求。目前还不清楚其他餐饮公司是否也会出现类似的低迷。 当星巴克工人联合会(代表数百家该连锁店的工会咖啡馆)发布支持巴勒斯坦的推文后，引发了保守派的强烈反对。星巴克试图与工会删除的这条推文保持距离，并起诉工人联合会侵犯商标。 星巴克首席执行官拉克斯曼·纳拉西姆汉上周表示，该公司在中东的销售举步维艰，就连美国本土的咖啡馆也遭到了一些人的抵制，美国的客流量从去年11月中旬开始下滑。 周一发布的财报显示，麦当劳去年第四季度在中东地区的销售额下滑，原因是其在以色列的特许经营商向该国士兵提供折扣或免费餐食，引发了中东穆斯林民众对麦当劳餐厅的抵制行动。 不过，中东在其整体业务中所占的比重并不大。T ...

McDonald's Corporation (MCD) reported mixed fourth-quarter 2023 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line increased on a year-over-year basis.Chris Kempczinski, president and CEO of McDonald's, attributed the performance to the effective implementation of the Accelerating the Arches strategy. The initiative paved a path for a cumulative comparable sales growth of over 30% from 2019 levels. The management stated optimism in the comp ...

Financial Data and Key Metrics Changes - In 2023, McDonald's achieved global comparable sales growth of 9% and a nearly 3% increase in guest count globally, maintaining leading market share across most major markets [5][15] - Adjusted earnings per share for Q4 2023 was $2.95, an 11% increase in constant currencies compared to the prior year [25] - The full year adjusted operating margin was just over 47%, reflecting higher restaurant margin dollars across all segments [25][38] Business Line Data and Key Metrics Changes - The chicken category now represents $25 billion in annual system-wide sales, on par with beef, driven by the success of the McCrispy sandwich [7][30] - The loyalty program expanded to 50 markets, achieving over $20 billion in annual loyalty system-wide sales in 2023 [6][31] - The IDL segment opened an average of four new restaurants daily, creating nearly 50,000 new jobs in 2023 [12] Market Data and Key Metrics Changes - The IDL segment experienced comp sales of less than 1% due to the impact of the war in the Middle East, while the U.S. and IOM segments saw over 4% comp sales performance [15][16] - In China, despite macroeconomic challenges, McDonald's opened over 1,000 restaurants in 2023 and plans to continue similar growth in 2024 [64][67] Company Strategy and Development Direction - The "Accelerating the Arches" strategy has fueled over 30% comparable sales growth since 2019, focusing on customer experience and operational improvements [6][14] - McDonald's aims to reach 50,000 restaurants by the end of 2027, identifying key areas with high population growth and lower store density [32][39] - The company is investing in technology and digital initiatives to enhance customer engagement and operational efficiency [33][40] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued macroeconomic pressures in 2024, with expected comp sales growth moderating to historical averages of 3% to 4% [36][37] - The company remains focused on providing affordable options to consumers, particularly lower-income customers, amidst ongoing inflationary pressures [17][28] - Management expressed confidence in the resilience of the McDonald's brand and its ability to adapt to changing consumer needs [27][41] Other Important Information - McDonald's has implemented a new business ventures team to explore opportunities in beverage-led occasions, with a pilot restaurant concept showing promising results [8] - The company is committed to supporting local communities and franchisees, particularly in regions affected by geopolitical issues [11][62] Q&A Session All Questions and Answers Question: Impact of boycotts on IOM results - Management noted that the most pronounced impact is in the Middle East and some Muslim countries, with varying effects depending on the location of restaurants [46][47] Question: Self-help measures in France - Management acknowledged challenges in France, particularly around value and operations, and is implementing a new value program to improve performance [50][51] Question: Components of 2024 comp sales guidance - Management indicated that pricing is expected to ease, with comp sales growth returning to historical norms of 3% to 4% [54][56] Question: Impact of the Middle East on sales - Management confirmed that the impact is significant but did not provide specific numbers, emphasizing the strength of their franchisees in the region [58][59] Question: Growth aspirations in China - Management expressed optimism about growth in China, having opened over 1,000 restaurants in 2023 and planning to continue expansion [64][67]

Shares of fast-food giant McDonald's (MCD -3.94%) fell on Monday after the company reported financial results for the fourth quarter of 2023. The results were solid, but management's guidance for 2024 wasn't up to the market's expectations. As of 10:30 a.m. ET, McDonald's stock was down about 3.5%.Growth is cooling for McDonald'sIn 2023, the company enjoyed global same-store-sales (comparable-sales) growth of 9%, which is quite good for a company this large and mature. These strong sales numbers also substa ...