MCD (Post-Call): Updating Our 2021E & 2022E EPS Projections

By Ryan D. Lavender Published on January 28, 2021 at 4:14 PM

Earlier today, McDonald’s reported $1.70 in adjusted Q4 EPS, lower than our $1.72 forecast and sell-side consensus (according to Consensus Metrix) of $1.77. Fourth-quarter Company-Operated Restaurant Expenses/Sales by CompanyOperated Restaurants came in at 85.2%, worse than our 82.8% estimate.

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