Tuesday December 7, 2021, 07:00:00
MCD: Updating Our Q4E U.S. Same-Store Sales Forecast
Based on our channel checks, we adjust our Q4E McDonald’s U.S. same-store sales forecast.
Wednesday October 27, 2021, 09:43:13
MCD (Post-Call): Why Do Hamburgers Go to the Gym? To Get Better Buns
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.
Thursday October 21, 2021, 07:00:00
MCD: McDonald’s Franchisee Survey Part 2 Focuses on Crispy Chicken Sandwiches
Today we publish part 2 of 2 of the October 2021 edition of our proprietary McDonald’s Franchisee Survey. Much of this report focuses on how sales are going at present for the new-and-improved chicken sandwiches that McDonald’s launched in mid-Q1.