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McDonald's (MCD)
NYSE:MCD
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.9Last Year’s EPS
$2.95Same Quarter Last Year
Moderate Buy
Based on 26 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -0.79%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance with strong U.S. comp sales and successful marketing initiatives, particularly the $5 Meal Deal, but was overshadowed by the E. Coli incident and challenges in international markets, leading to negative global comp sales.Company Guidance
During the Q3 2024 earnings call, McDonald's executives discussed several key metrics and strategic initiatives to navigate the challenging quick-service restaurant (QSR) sector environment. Despite a difficult industry backdrop, U.S. comparable sales were positive, outperforming the QSR industry in comp sales and guest counts, with the highest comp guest count gap since Q1 2023. The $5 Meal Deal played a crucial role in improving brand perceptions and increasing traffic among low-income consumers, maintaining an average check above $10. Internationally, comp sales were negative, reflecting industry contraction, notably in France and the U.K. However, signs of progress included traffic share gains in the U.K. and Germany, with initiatives like the 3 for GBP 3 menu and the Big Arch pilot supporting these improvements. McDonald's system-wide sales to loyalty members reached nearly $8 billion, aligning with their goal of 250 million active users by 2027. The company reaffirmed its 2024 financial outlook, highlighting a 6% dividend increase and a commitment to maintaining strong margins and shareholder returns.U.S. Comp Sales Outperformance
U.S. comp sales were positive for Q3, driven by compelling value, menu excitement, and strong marketing, outperforming the QSR industry comp sales and comp guest counts.
$5 Meal Deal Success
The $5 Meal Deal improved brand perceptions, connected with lower-income consumers, and drove guest counts, maintaining an average check north of $10.
Digital Sales and Loyalty Growth
System-wide sales to loyalty members totaled nearly $8 billion globally, with a target to reach 250 million active users by the end of 2027.
Dividend Increase
The Board approved a 6% dividend increase, marking the 48th consecutive increase, reinforcing confidence in long-term growth strategy.
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MCD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $295.02 | $293.24 | -0.60% |
| Jul 29, 2024 | $249.04 | $258.35 | +3.74% |
| Apr 30, 2024 | $268.60 | $268.10 | -0.19% |
| Feb 05, 2024 | $290.02 | $279.20 | -3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does McDonald's (MCD) report earnings?
McDonald's (MCD) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is McDonald's (MCD) earnings time?
McDonald's (MCD) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCD EPS forecast?
MCD EPS forecast for the fiscal quarter 2024 (Q4) is $2.9.
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