Saturday July 6, 2024, 13:29:12

MCD: It’s About Clucking Time

By Mark Kalinowski

As ubiquitous as it is, chicken continues to gain in popularity in multiple ways, including with quick-service consumers. McDonald’s noted on its February 5th conference call that “Our chicken category now represents $25 billion in annual Systemwide sales, on par with beef.” This is, of course, a worldwide figure. Specific to McDonald’s U.S., beef apparently maintains a lead over chicken. But no doubt, McDonald’s is working to capture more chicken market share in the U.S.

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Thursday June 20, 2024, 07:00:00

MCD: Updated Details on Menu Price Increases at 25 McDonald’s in California (2/8/24-6/3/24)

By Mark Kalinowski

Back on April 4th, we published a McDonald’s report looking at changes in menu prices for two different combos sold at 25 of its restaurants in California over the 2/8/24-4/3/24 time frame:

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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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