Monday February 10, 2025, 10:19:07

MCD (Post-Call): Updating EPS Estimates Based on Currencies, Interest Expense

By Mark Kalinowski

Earlier today (Monday), McDonald’s reported adjusted Q4 EPS of $2.83. This was fairly close to our $2.85 forecast and sell-side consensus (according to Consensus Metrix) of $2.84. We calculate that the adjusted Q4 tax rate was 19.9%. This was more favorable than our 20.5% projection and consensus of 20.6%. The lower-than-forecast tax rate helped Q4 EPS by about +2 cents, relative to our projection.

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Thursday January 30, 2025, 07:00:00

MCD: Franchisee Survey Part 2 Shows Some Operators Upset with Discounting

By Mark Kalinowski

McDonald’s plans to release its fourth-quarter earnings before the market open on Monday, February 10th. Today we publish part two of the January 2025 edition of our proprietary McDonald’s Franchisee Survey. As part of this, we asked our franchisee contacts to provide some commentary about the upcoming return to McDonald’s U.S. this year of Snack Wraps.

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Tuesday January 28, 2025, 07:00:00

MCD: Latest Franchisee Survey Leads to Updated Projections (1/28/2025)

By Mark Kalinowski

McDonald’s plans to release its fourth-quarter earnings before the market open on Monday, February 10th. Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.

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