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Mcdonald's Corp (MCD.N)

MCD.N on New York Stock Exchange

214.21USD
15 Jul 2019
Change (% chg)

$1.22 (+0.57%)
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Volume
633,082
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Latest Key Developments (Source: Significant Developments)

Mcdonald's Sets Quarterly Cash Dividend Of $1.16Per Share
Friday, 24 May 2019 

Mcdonald's Corp ::SETS QUARTERLY CASH DIVIDEND OF $1.16PER SHARE.  Full Article

McDonald's India Announces Purchase Of Connaught Plaza Restaurants
Thursday, 9 May 2019 

May 9 (Reuters) - MCDONALDS INDIA::MCDONALD’S INDIA ANNOUNCES PURCHASE OF CONNAUGHT PLAZA RESTAURANTS.COMPLETED SETTLEMENT WITH FORMER JV PARTNER, VIKRAM BAKSHI.ACQUIRED 50 PERCENT VOTING EQUITY SHARES IN CPRL, HELD SINCE INCEPTION BY BAKSHI AND HIS AFFILIATED ENTITY.ROBERT HUNGHANFOO APPOINTED HEAD OF CPRL, NOW OWNED BY MIPL AND ITS AFFILIATE.AS OF MAY 9, MCDONALD’S RESTAURANTS IN NORTH, EAST INDIA TEMPORARILY CLOSED FOR ASSESSMENT OF OPERATIONAL PROTOCOLS, EMPLOYEE TRAINING.EXISTING MANAGERS AND CREW TO CONTINUE TO BE EMPLOYED DURING TEMPORARY CLOSURE OF RESTAURANTS IN NORTH, EAST INDIA.ANTICIPATE CO'S RESTAURANTS IN NORTH, EAST INDIA WILL START TO PROGRESSIVELY OPEN OVER NEXT TWO WEEKS OR SO.  Full Article

Mcdonald's CFO Says U.S. Comp Guest Counts Were Negative For Q1
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Mcdonald's Corp ::U.K. HAS NOW RECORDED 13 CONSECUTIVE YEARS OF COMPARABLE SALES GROWTH, REPORTS RECORD HIGH GUEST COUNTS FOR MARCH- CONF CALL.CEO - "FOR THE FIRST TIME SINCE WE'VE BEGUN OUR EOTF ROLLOUT, WE ARE SEEING A BENEFITS TO OUR OVERALL U.S. SALES COMP".CFO - U.S. COMP GUEST COUNTS WERE NEGATIVE FOR THE QUARTER.CFO - CONVERTED ADDITIONAL 400 RESTAURANTS TO EOTF IN Q1; EXPECTS TO COMPLETE 2,000 PROJECTS THIS YEAR.CFO - OPENED MORE THAN 90 RESTAURANTS IN Q1 IN CHINA, DRIVING GROWTH IN SYSTEMWIDE SALES AND A GAIN IN MARKET SHARE.CEO - U.S. RESTAURANTS PARTICIPATED IN AN INCENTIVE PROGRAM WHERE THEY COMPETED AGAINST EACH OTHER TO DELIVER BEST DRIVE-THRU SERVICE TIMES.CEO - "WE'RE SEEING SOLID GROWTH IN DELIVERY AND IT CONTINUES TO BE MEANINGFUL CONTRIBUTOR TO COMP SALES IN A NUMBER OF MARKETS".RESULTS BENEFITED FROM STRONG OPERATING PERFORMANCE DESPITE LAPPING GAINS ON SALES OF RESTAURANTS DUE TO REFRANCHISING ACTIVITY IN Q1 2018.CFO - "WHILE WE STILL HAVE SOME ONGOING REFRANCHISING OF RESTAURANTS, OUR MAJOR REFRANCHISING EFFORTS ARE WINDING DOWN".HAS DYNAMIC YIELD'S TECHNOLOGY UP AND RUNNING IN 700 DRIVE-THRUS ACROSS THE U.S..EXPECTS IMPACT OF DOLLAR TO BE SLIGHTLY LESS FOR Q2 & THEN EASE IN THE BACK HALF OF YEAR, ESTIMATES FULL YEAR HEADWIND OF $0.18 TO $0.2.U.S. CONTINUES TO EXPERIENCE STRONG AVERAGE CHECK GROWTH DRIVEN BY BALANCED CONTRIBUTIONS FROM BOTH PRODUCT MIX AND STRATEGIC PRICING.  Full Article

Plexure Group Says McDonald's Corp Invests In Co
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Plexure Group Ltd ::MCDONALD'S ANNOUNCES INVESTMENT IN PLEXURE.INVESTMENT IS BEING FACILITATED THROUGH ISSUANCE OF NEW EQUITY IN PLEXURE.UNDER AGREEMENT MCDONALD'S THROUGH UNIT TO BUY 13.8 MILLION SHARES OF PLEXURE, THROUGH A CASH TRANSACTION AT ISSUE PRICE OF NZ$0.3905.CASH INVESTMENT FROM MCDONALD'S TO RESULT IN A 9.9% MINORITY STAKE.INVESTMENT COINCIDES WITH AN AMENDMENT TO EXISTING SOFTWARE SERVICE AGREEMENT BETWEEN TWO COMPANIES.AS PART OF THIS AGREEMENT, PLEXURE WILL NOT PROVIDE SIMILAR SERVICES TO A DEFINED LIST OF COMPETITORS IN QSR SPACE.  Full Article

Mcdonald's Expects Earnings Pressure In 2019 From Labor, Remodel Depreciation, Commodities, Foreign Currency Related Effects
Thursday, 31 Jan 2019 

Jan 30 (Reuters) - Mcdonald's Corp ::MCDONALD'S CORP SAYS UK HAS 51 CONSECUTIVE QUARTERS OF LIKE-FOR-LIKE SALES GROWTH AND CONTINUE TO GAIN SHARE IN A SHRINKING MARKET- CONF CALL.MCDONALD'S CORP SAYS CONVERTED 4,500 RESTAURANTS IN THE U.S. LAST YEAR DUE TO EXPERIENCE OF THE FUTURE PROGRAM- CONF CALL.MCDONALD'S CORP SAYS QSR ENVIRONMENT IN THE U.S. PROVED CHALLENGING IN Q4 WITH AGGRESSIVE PROMOTIONAL ACTIVITY THROUGHOUT THE INDUSTRY- CONF CALL.MCDONALD'S CORP-CONSTRUCTION DOWNTIME, SLOWER SALES RECOVERY RELATED TO AGGRESSIVE PACE OF MODERNIZATION IN U.S. WAS A HEADWIND IN 2018-CONF CALL.MCDONALD'S CORP- COMMODITY COSTS UP ABOUT 2.5 PERCENT FOR BOTH Q4, FULL YEAR. MENU PRICE INCREASES WERE AROUND 2 PERCENT FOR Q4 -CONF CALL.MCDONALD'S CORP SAYS DELIVERY AVAILABLE FOR OVER 19,000 RESTAURANTS, HAS BECOME A $3 BILLION BUSINESS -CONF CALL.MCDONALD'S CORP EXPECTS EARNINGS PRESSURE FROM LABOR, REMODEL DEPRECIATION, COMMODITIES AND FOREIGN CURRENCY RELATED EFFECTS-CONF CALL.MCDONALD'S CORP EXPECT COMMODITY INCREASES IN THE U.S. OF 1% TO 2% FOR THE YEAR AND AN INCREASE OF ABOUT 2% IN KEY MARKETS OUTSIDE U.S.-CONF CALL.MCDONALD'S CORP CEO STEPHEN EASTERBROOK SAYS HE STILL REMAINS OPTIMISTIC DESPITE TIGHTENING ECONOMIES AND SHIFTING POLITICAL ENVIRONMENTS - CONF CALL.  Full Article

Mcdonald's -Expects Net Restaurant Additions To Add Approximately 1 Percentage Point To 2019 Systemwide Sales Growth (In Constant Currencies)
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Mcdonald's Corp ::MCDONALD'S -EXPECTS NET RESTAURANT ADDITIONS TO ADD APPROXIMATELY 1 PERCENTAGE POINT TO 2019 SYSTEMWIDE SALES GROWTH (IN CONSTANT CURRENCIES).MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) SYSTEMWIDE SALES GROWTH OF 3 PCT TO 5 PCT.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) OPERATING MARGIN IN MID-40 PCT RANGE.MCDONALD'S - EXPECTS INTEREST EXPENSE FOR FULL YEAR 2019 TO INCREASE ABOUT 10 PCT TO 12 PCT DUE PRIMARILY TO HIGHER AVERAGE DEBT BALANCES..MCDONALD'S - EXPECTS CAPITAL EXPENDITURES FOR 2019 TO BE APPROXIMATELY $2.3 BILLION.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) EARNINGS PER SHARE GROWTH IN HIGH-SINGLE DIGITS.MCDONALD'S - EXPECTS ABOUT 750 NET RESTAURANT ADDITIONS IN 2019 - SEC FILING.MCDONALD'S - BEGINNING 2019, EXPECTS TO ACHIEVE LONG-TERM, AVERAGE ANNUAL (CONSTANT CURRENCY) RETURN ON INCREMENTAL INVESTED CAPITAL IN MID-20 PCT RANGE.MCDONALD'S - EXPECTS ABOUT 750 NET RESTAURANT ADDITIONS IN 2019.MCDONALD'S - DURING 2019, THE COMPANY EXPECTS TO RETURN ABOUT $9 BILLION TO SHAREHOLDERS.  Full Article

Supermac’s Says Big Mac Trademark Revoked By European Trademark Office
Wednesday, 16 Jan 2019 

Jan 15 (Reuters) - Supermac’s::SUPERMAC’S SAYS BIG MAC TRADEMARK REVOKED BY EUROPEAN TRADEMARK OFFICE ON FOOT OF SUPERMAC’S APPLICATION.  Full Article

Mcdonald’s Launches Career Advising Campaign For Restaurant Employees With Help Of Five Industry Influencers
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Mcdonald's Corp ::MCDONALD’S SAYS LAUNCHING CAREER ADVISING CAMPAIGN FOR RESTAURANT EMPLOYEES WITH HELP OF FIVE INDUSTRY INFLUENCERS.MCDONALD’S SAYS PLANS TO LAUNCH APP FOR CAREER & EDUCATION EXPLORATION FEATURING BUILT-IN GUIDANCE & RESOURCES TO HELP PEOPLE ADVANCE CAREERS.MCDONALD’S SAYS EVEN THOUGH UNEMPLOYMENT RATE AT NEAR 50-YEAR LOW, DON’T HAVE "QUALIFIED PEOPLE" TO FILL JOBS.  Full Article

McDonald's says U.S. guest counts fell, but grew in most int'l markets
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - McDonald's Corp CONFERENCE CALL: :CEO ON CONF CALL- OPENED 375 RESTAURANTS IN CHINA SO FAR IN 2018 AND EXPECT TO OPEN 400 STORES IN 2019.CFO - "GUEST COUNTS GREW IN MOST OF OUR TOP INTERNATIONAL MARKETS. WHILE IN THE U.S., GUEST COUNTS DECLINED DURING THE QUARTER".CFO - INITIATIVES DEPLOYED ACROSS THE U.S. FROM DELIVERY TO SELF ORDER KIOSKS CONTRIBUTED TO THE HIGHER CHECK.CFO - "THE ENVIRONMENT IN THE U.S. REMAINS VERY COMPETITIVE, ESPECIALLY AROUND VALUE AND FEEL OFFERINGS".CFO - WILL SOON LAUNCH A NEW CLASSIC MEAL DEAL OPTION FEATURING SOME CORE MENU ITEMS; WILL ALSO BE INTRODUCING NEW BREAKFAST ITEMS.CEO- IN U.K, AUSTRALIA, FRANCE, DELIVERY REPRESENTS AS MUCH AS 10% OF SALES AT RESTAURANTS OFFERING DELIVERY.CEO- OVERALL, RESTAURANTS HAVE EXPERIENCED A LITTLE LONGER DOWNTIME THAN EXPECTED DUE TO 'EXPERIENCE OF FUTURE' TRANSFORMATION IN US.CEO- NEARLY 85% OF TOTAL RESTAURANT MARGIN DOLLARS FOR THE QUARTER CAME FROM FRANCHISE BUSINESS.CEO- U.S. RESTAURANT TRANSFORMATION LEADING TO TEMPORARY DECLINE IN LABOR PRODUCTIVITY, DEPRECIATION PRESSURE ON MARGINS.CEO- Q3 PRICING IN US WAS UP ABOUT 2 PERCENT, WHILE COMMODITY COSTS INCREASED NEARLY 3 PERCENT; EXPECT COMMODITY PRESSURES TO EASE SOMEWHAT IN Q4.CEO- NOW EXPECT G&A COST TO BE DOWN ABOUT 1-2 PERCENT FOR FY; EFFECTIVE TAX RATE TO BE IN RANGE OF 24-26 PERCENT, DOWN FROM 25-27 PERCENT.  Full Article

Mcdonald's Expects Interest Expense To Rise For FY 2018
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Mcdonald's Corp ::MCDONALD'S - EXPECTS INTEREST EXPENSE FOR FY 2018 TO INCREASE ABOUT 6% TO 7% DUE PRIMARILY TO HIGHER AVERAGE DEBT BALANCES.MCDONALD'S - EXPECTS NET RESTAURANT ADDITIONS TO ADD ABOUT 1 PERCENTAGE POINT TO 2018 SYSTEMWIDE SALES GROWTH.MCDONALD'S - FOR FY 2018, COSTS FOR TOTAL BASKET OF GOODS EXPECTED TO INCREASE ABOUT 2% IN U.S. AND INTERNATIONAL LEAD SEGMENTS.MCDONALD'S - EXPECTS FY 2018 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO DECREASE ABOUT 1% TO 2% IN CONSTANT CURRENCIES.MCDONALD'S - COMPANY EXPECTS CAPITAL EXPENDITURES FOR 2018 TO BE APPROXIMATELY $2.5 BILLION..MCDONALD'S - EXPECTS NET ADDITIONS OF ABOUT 600 RESTAURANTS IN 2018.MCDONALD'S-SEES ADOPTION OF NEW ACCOUNTING GUIDANCE TO NEGATIVELY IMPACT 2018 CONSOLIDATED FRANCHISED REVENUES AND FRANCHISED MARGINS BY ABOUT $50 MILLION.  Full Article

Papa John's hires McDonald's veteran as head of restaurant operations

July 8 Papa John's International Inc said on Monday it has appointed a McDonald's Corp veteran to the newly created role of chief of restaurants operations, as the pizza chain remodels itself after the departure of its scandal-hit founder.