Sunday February 10, 2019, 00:00:00

Tidbits re MCD, More MCD, Taco Bell (owned by YUM), Chick-fil-A, and Subway

By Mark Kalinowski

We briefly note the following tidbits regarding McDonald’s (MCD; Buy), more McDonald’s, Taco Bell (owned by Yum Brands [YUM; Buy]), privately-held Chick-filA, and privately-held Subway:

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Monday February 4, 2019, 00:00:00

Tidbits re Taco Bell (owned by YUM), DPZ, and MCD

By Mark Kalinowski

We briefly note the following tidbits regarding Taco Bell (owned by Yum Brands [YUM; Buy]), Domino’s (DPZ; Buy), and McDonald’s (MCD; Buy):

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Wednesday January 30, 2019, 00:00:00

MCD (Post-Call) Lots of Moving McPieces…What do They All Add Up to

By Mark Kalinowski

Earlier today, McDonald’s reported adjusted Q4 EPS of $1.97, ahead of our $1.91 forecast and sell-side consensus of $1.89. We calculate that the adjusted tax rate was about 19.1%, versus our 24.5% forecast and consensus of 24.4%. If the adjusted tax rate had matched consensus, then by our math adjusted EPS would have come in closer to $1.84. McDonald’s points out the following long-term targets in today’s 8-K:

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