The E. coli outbreak linked to McDonald's Quarter Pounders has sickened dozens across 13 states, according to the Center for Disease and Control's latest figures.
Some of the market's biggest blue-chip stocks are not immune to offering discounts to investors; it's not that often that participants can exploit the short-term nature of these mispricing events, so when they come along, investors need to act fast before others come in to close the gap. Such an opportunity has come recently through one of the biggest household names in the United States today, though it may not last long considering what could be about to happen.
McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak.
McDonald's Corporation (NYSE:MCD ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Scott Meader - Interim Treasurer Chris Kempczinski - Chairman & Chief Executive Officer Ian Borden - Chief Financial Officer Conference Call Participants David Palmer - Evercore John Ivankoe - JPMorgan Dennis Geiger - UBS David Tarantino - Baird Brian Harbour - Morgan Stanley Sara Senatore - Bank of America Eric Gonzalez - KeyBanc Lauren Silberman - Deutsche Bank Jeff Bernstein - Barclays Jon Tower - Citi Operator Hello, and welcome to McDonald's Third Quarter 2024 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded.
McDonald's shares grew 1% on Tuesday after executives said the company was moving past the outbreak and it would have little to no impact on business.
The headline numbers for McDonald's (MCD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MCD's third-quarter U.S. comps suffer due to a decline in guest counts.
U.S. stocks traded mixed this morning, with the Dow Jones index edging lower on Tuesday.
McDonald's (MCD) reported an earnings beat as the fast-food giant reels from its E. coli outbreak.
McDonald's CEO Chris Kempczinski told investors that the company views the E. coli outbreak linked to its Quarter Pounder burgers as "being behind us.
Matt Todd breaks down the latest quarterly figure from the Golden Arches. As McDonald's (MCD) consumers face rising inflation costs, Matt dissects the fast food giant's discounting strategy with its $5 Value Meal.
McDonald's (MCD) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago.