Monday January 24, 2022, 07:00:00

MCD: Latest McDonald’s Franchisee Survey Leads to Updated Forecasts

By Mark Kalinowski

McDonald’s plans to release its Q4 earnings before the market open this Thursday (January 27th). Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.

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Tuesday December 7, 2021, 07:00:00

MCD: Updating Our Q4E U.S. Same-Store Sales Forecast

By Mark Kalinowski

Based on our channel checks, we adjust our Q4E McDonald’s U.S. same-store sales forecast.

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Wednesday October 27, 2021, 09:43:13

MCD (Post-Call): Why Do Hamburgers Go to the Gym? To Get Better Buns

By Mark Kalinowski

Earlier today, McDonald’s reported Q3 adjusted EPS of $2.76, well above our $2.43 forecast and sell-side consensus (according to Consensus Metrix) of $2.46. Factors driving the outperformance include: (1) better-than-expected same-store sales across the board, (2) about +9 cents worth’ of tax help relative to our 22.0% tax-rate projection, and (3) more favorable than anticipated margins on the franchised side of the business.

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