Thursday May 1, 2025, 09:49:33

MCD (Post-Call): Middle-Income Consumers Start Pulling Back on Quick-Service Spending

By Mark Kalinowski

Earlier today (Thursday), McDonald’s reported first-quarter adjusted EPS of $2.67. This was slightly above our $2.64 forecast and sell-side consensus (according to Consensus Metrix) of $2.66. The Q1 adjusted tax rate of 19.9% was modestly more favorable than our 20.5% forecast and consensus of 20.7%. By our math, the difference between the 19.9% tax rate and consensus helped McDonald’s Q1 adjusted EPS by about +2 cents.

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Thursday April 24, 2025, 07:00:00

MCD: Part 2 of Franchisee Survey Looks at CosMc’s as a Potential Beverage Innovation Pipeline

By Mark Kalinowski

McDonald’s plans to release its first-quarter earnings before the market open on Thursday, May 1st. Today we publish part two of the April 2025 edition of our proprietary McDonald’s Franchisee Survey. As part of this, we asked our franchisee contacts to provide some commentary about the CosMc’s concept that McDonald’s continues to work on.

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Wednesday April 23, 2025, 07:00:00

MCD: Franchisee Survey Suggests Sequential Sales Improvement So Far in Q2

By Mark Kalinowski

McDonald’s plans to release its first-quarter earnings before the market open on Thursday, May 1st. Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.

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