Tuesday April 30, 2024, 09:58:50

MCD (Post-Call): A Challenging Q1 in What Looks to be a Challenging 2024

By Mark Kalinowski

Earlier today, McDonald’s reported Q1 adjusted EPS of $2.70. This compares with our $2.70 forecast and sell-side consensus (according to Consensus Metrix) of $2.71. The Q1 tax rate came to 19.9%. This was more favorable than our 21.0% projection and consensus of 20.8%. By our math, the modestly more favorable-than-expected tax rate helped Q1 EPS by about +4 cents.

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Wednesday April 24, 2024, 07:00:00

MCD: Part 2 of McDonald’s Franchisee Survey Looks at the “Bigger Burger” Initiative

By Mark Kalinowski

Today we publish part two of two of the April 2024 edition of our proprietary McDonald’s Franchisee Survey. As part of this, we asked our franchisee contacts to provide some commentary about the “Bigger Burger” initiative that McDonald’s management has talked about that it has planned for multiple countries.

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Tuesday April 23, 2024, 07:00:00

MCD: Latest Franchisee Survey Shows Price Increases Falling Off and Traffic Gains Elusive

By Mark Kalinowski

McDonald’s plans to release its first-quarter earnings before the market open on Tuesday, April 30th. Ahead of that, we publish part one of our two-part, proprietary McDonald’s Franchisee Survey today.

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