Thursday April 29, 2021, 13:10:00

MCD (Post-Call): Robust Results Across the McBoard

By Ryan D. Lavender

Earlier today, McDonald’s reported Q1 adjusted EPS of $1.92, above our $1.86 forecast and sell-side consensus (according to Consensus Metrix) of $1.82. The EPS outperformance was driven by better-than-expected same-store sales in each of McDonald’s three major business segments.

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Monday April 26, 2021, 17:51:00

MCD: McDonald’s Franchisee Survey Focuses on Crispy Chicken Sandwiches

By Ryan D. Lavender

Today we publish part 2 of 2 of the April 2021 edition of our proprietary McDonald’s Franchisee Survey. Much of this report focuses on how sales are going so far for the new-and-improved chicken sandwiches that were launched in mid-Q1.

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Thursday April 22, 2021, 11:42:00

MCD: McDonald’s Franchisee Survey Leads to Updated Forecasts

By Mark Kalinowski

McDonald’s plans to release its Q1 earnings before the market open on Thursday, April 29th, to be followed that day by the related earnings release conference call. For Q1E, we retain our existing McDonald’s U.S. same-store sales forecast of +12.2%, which lies +190 basis points above current sell-side consensus (according to Consensus Metrix) of +10.3%. Our Q1E EPS estimate remains at $1.86, five cents above consensus of $1.81.

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