McDonald's (MCD) shares tick higher after the company reported that global sales offset some weakness in the US. BTIG managing director and restaurant analyst Peter Saleh joins Catalysts with Seana Smith to discuss what McDonald's results signal about the quick-service restaurant (QSR) space.
While McDonald's fourth-quarter earnings, released Monday (Feb. 10), “did not meet our expectations,” according to CEO Chris Kempczinski, customer loyalty was a bright spot amid a slight uptick (0.4%) in global comparable sales while U.S. comparable sales slipped 1.4% largely due to the aftermath of an E.
Fast-food giant McDonald's (MCD) fell shy of fourth quarter earnings estimates, posting revenue of $6.39 billion (shy of the $6.45 billion expected) and adjusted earnings per share of $2.80 (also shy of the $2.84 expected). As global same-store sales unexpectedly rose 0.4%, US sales declined by 1.4% as October's E.
McDonald's (MCD 4.14%) stock is gaining ground in Monday's trading. The fast-food giant's share price was up 4.5% as of noon ET, amid the backdrop of a 0.5% gain for the S&P 500 (^GSPC 0.54%) and a 1.1% gain for the Nasdaq Composite (^IXIC 1.05%).
McDonald's Corporation (NYSE:MCD ) Q4 2024 Earnings Conference Call February 10, 2025 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman and CEO Ian Borden - CFO Conference Call Participants Dennis Geiger - UBS David Palmer - Evercore David Tarantino - Baird Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Lauren Silberman - Deutsche Bank John Ivankoe - JPMorgan Eric Gonzalez - KeyBanc Andrew Charles - TD Cowen Jon Tower - Citi Jeff Bernstein - Barclays Operator Hello, and welcome to McDonald's Fourth Quarter 2024 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded.
McDonald's reported its worst US sales loss since the pandemic after an E. coli outbreak spooked customers, and cash-strapped consumers spent less at the restaurant.
MCD's fourth-quarter U.S. comps sales are hurt by a decline in average checks, though this is partially offset by a slight increase in comparable guest counts.
Today the markets have gone on offense despite the renewed focus on tariffs, with all three of the broader stock market indices trading in the green.
Although the revenue and EPS for McDonald's (MCD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
McDonald's global same-store sales climbed 0.4% in the fourth quarter, despite a drop of 1.4% in the US. An E. coli outbreak in the US scared customers away halting some momentum.
Sara Senatore, Bank of America Securities senior restaurants analyst, joins 'Squawk Box' to break down McDonald's quarterly earnings results.
Shares of McDonald's Corp (NYSE:MCD) are higher before the bell, last seen up $1.44 at $298.55.