Tuesday May 23, 2023, 07:00:00
MCD: McDonald’s Top 25 Markets for 2023E Operating Profits
With this note, we take a look at the geographical breakdown of our full-year 2022E McDonald’s operating income forecast of $11.386 billion.
Monday May 15, 2023, 07:00:00
MCD: Should McDonald’s Relocate its Headquarters Far Away from Chicago?
McDonald’s was headquartered in a suburb of Chicago — Oak Brook — from 1971-2018. For most of that time, the site within Oak Brook that served as McDonald’s headquarters was the 80-acre McDonald’s campus. In 2018, McDonald’s moved its headquarters from Oak Brook to Chicago – more specifically, 110 North Carpenter Street. That site is part of Chicago’s Near West Side neighborhood. (The former McDonald’s campus in Oak Brook is becoming the new headquarters for Ace Hardware.)
Tuesday April 25, 2023, 09:39:09
MCD (Post-Call): Who is Ronald McDonald’s Favorite Rock Star? McJagger
Earlier this morning, McDonald’s reported its Q1 adjusted EPS amounted to $2.63, meaningfully above our $2.40 projection and sell-side consensus (according to Consensus Metrix) of $2.33. We calculate that the adjusted tax rate came to 19.4%, which was more favorable than our 21.0% estimate and consensus of 21.0%. By our math, the more favorable tax rate added about +5 cents to adjusted EPS, relative to our estimate.