By Mark Kalinowski
Published on December 21, 2020 at 12:00 AM
With this report, we lower our Q4E 2020 EPS estimate for McDonald’s by -24 cents, to $1.72. Our change reflects two factors: (1) reductions in our Q4E samestore sales forecasts for both the International Operated Markets and International Developmental Licensed Markets business segments, and (2) what we believe is an improved understanding of G&A expenses slated for Q4 (leading us to bump up our Q4E G&A projection to about $755 million.
Read More
By Mark Kalinowski
Published on October 23, 2020 at 12:00 AM
McDonald’s plans to release its full-Q3 earnings before the market open on Monday, November 9th, to be followed that day by the related earnings release conference call and a Virtual Investor Update. McDonald’s has already released its Q3 samestore sales results, including a U.S. advance of +4.6%.
Read More
By Mark Kalinowski
Published on August 26, 2020 at 12:00 AM
Less than a week ago, we raised our Q3E same-store sales and EPS estimates in our report “DPZ: Updating Our Forecasts” (today’s report is best read in conjunction with that report). With this report, we further take up our Q3E same-store sales projection for Domino’s International business, by +150 basis points to +4.5%. Sellside consensus (according to Consensus Metrix) is at +2.0% as of this writing.
Read More
