MCD
📉 McDonald’s reported a decline in first-quarter sales, reflecting weakening consumer confidence and difficulty attracting diners.
🇺🇸 Comparable store sales in the U.S. fell by 3.6%, primarily due to a decrease in customer traffic, indicating significant domestic challenges.
🌍 Globally, comparable sales (comps) in stores open at least 13 months dropped by 1% year-over-year, falling short of analyst estimates.
@bernardodegarcia:
“We have McDonald’s results that just came out. I imagine the shares are not doing well at all; they fell 1.4%, but well, still trading a bit rich. It turns out that McDonald’s sales fell in the first quarter, reflecting a deterioration in consumer confidence that makes it difficult for restaurants to attract more diners. Globally, same-store sales, the comps, for locations open at least 13 months, alright? Fell 1% compared to the previous year, according to a statement issued, below the average estimate of surveyed analysts. Earnings per share, excluding some items, were approximately in line with expectations. Comparable store sales fell 3.6% in the United States, McDonald’s said, mainly due to a decrease in the number of customers. Weakness in the United Kingdom hurt the results of one of the company’s international divisions. Shares fell a little more than 2% in early pre-market trading. The stock has advanced 10% so far this year through Wednesday’s close, compared to a 5.3% drop in the S&P 500.”
Watch the exact part of the video where @bernardodegarcia talks about McDonald’s here:
Watch the video on YouTube
Read more articles analyzing McDonald’s (MCD) at the provided link. MCD stock.
