Last week, the U.S fast-food giant, McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in is the leading global foodservice retailer with nearly 37,000 locations in released its Q2 2019 results which confirmed that they had performed well beyond analysts’ expectations as revenue and same-store sales topped forecasts.
Wall Street estimates compiled by Bloomberg:
A Drop in Revenue of 0.4% at $5.33 billion was expected with adjusted earnings per share at $2.05. An increase of 4.4% was estimated for domestic same-store sales and 5.3% for overall sales in the U.S.
The company reported revenues of $5.34 billion with $2.05 as adjusted earnings per share in line with the analysts’ expectation. Domestic same-store sales increased by 5.7% and global same-store sales increased by 6.5% beating predictions.
“With the strong results we achieved in the second quarter, we have now experienced 16 consecutive quarters of positive global comparable sales,” , “By engaging our guests on their terms, whether it’s through delivery, an enhanced dining experience at one of our Experience of the Future restaurants, or through our evolving digital offerings, we’re becoming a better McDonald’s. We will continue to focus on our customers with innovative solutions to further elevate the guest experience and drive growth.” stated CEO Steve Easterbrook as reported.
McDonald’s current efforts to explore and innovate its menu offerings, delivery mechanism, and digital presence looks as though is paying dividends. Amid the growing need for restaurants and fast food centers to include delivery as a major service, McDonalds’s is planning to expand its delivery options by partnering with major delivery partners like DoorDash and Uber eats and assisting the business by lowering delivery commission fees and increasing profits.
McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Join us at Vista Partners!