McDonald’s franchisee checks show comps growth top estimates, says Loop Capital

Loop Capital keeps a Buy rating and $383 price target on McDonald’s while noting that the firm’s latest McDonald’s U.S. franchisee checks indicate that same-store sales growth came in ahead of expectations in Q4 and are off to a solid start to date in Q1. Same-store sales grew 7.0%-7.5% over the last five weeks of Q4 and were up 6.0%-6.5% for Q4, above Loop’s prior estimate for 5.0% growth, the analyst tells investors in a research note.