Friday, June 6, 2014
Friday, January 24, 2014
McDonald’s Corporation (MCD) announced results for the fourth quarter of fiscal year 2013 (4QFY13), along with a few figures for the full FY13. In the latest quarter, the company reported net income of $1,397 million, which translates to earnings per share (EPS) of $1.4.
EPS was up 1% over 4QFY12, and beat estimates of $1.39.
Revenues, on the other hand, were largely in line with expectation at $7.09 billion, up 2% from 4QFY13.
McDonald’s reported EPS of $5.55 for the full year, which was again in line with expectations. Revenues for FY13 came in at $28.1 billion.
Read More : MCD
Wednesday, January 22, 2014
The world’s largest chain of hamburger joints should start worrying about its health. On October 21, The McDonald’s Corporation (MCD) posted third quarter (3Q) earnings that largely affirmed analysts’ expectations from the company – but a second look reveals a different story. For the quarter, the company recorded lower growth in sales from comparable outlets as compared to the growth rates recorded by other businesses in the restaurant industry.
McDonald’s reported $1.52 in diluted earnings per share for the three months through September 30, 2013 (3QFY13), which were 6% higher than $1.43 in the corresponding quarter a year ago. Earnings actually grew 7% if adjusted for currency fluctuations. However, even though revenues rose 2% YoY (year-over-year) to $7.32 billion, they fell short of analyst expectations.
Wednesday, December 18, 2013
Sunday, November 10, 2013
McDonald's (NYSE: MCD ) sells an impressive 600 million Big Mac sandwiches a year. Credit for the invention of that hit product goes to one of the company's first franchisees, Jim Delligatti, who in 1968 persuaded the chain to put his store's sandwich into nationwide distribution.
But the beef-stacked burger might never have reached its blockbuster status without the contribution of a 21-year-old secretary named Esther Rose: She helped persuade management to drop the name "Blue Ribbon Burger" in favor of the now-iconic "Big Mac." Suffering from a "Blue Ribbon Burger" attack just doesn't have the same ring. Read more.
Friday, November 8, 2013
McDonald's Corp.'s (MCD) global same-store sales grew 0.5% in October, with results in the U.S. and Europe offsetting weakness in Asia. McDonald's, the world's largest fast-food company, last month predicted global same-store sales for October to be relatively flat, despite what should have been an easy comparison from a year ago, when the company reported its first monthly same-store sales decline in nine years.
The company continues to struggle with a soft global economy that has caused consumers to pull back on restaurant spending. McDonald's and several of its rivals have tried to improve their results by focusing on cheaper food options.The chain has looked to roll out a Dollar Menu & More lineup in the U.S. that includes its standard dollar items as well as products priced at $2 and $5. Some of its higher-priced products haven't sold well, including the $4 Angus burgers the chain pulled from its menu recently. Read more.