McDonald’s Offers No Surprises (MCD, YUM, SBUX)
April 20, 2012 by Paul Ausick
Same-store sales in US McDonald’s Inc. (NYSE: MCD) stores rose 8.9% in the first quarter, substantially higher the 5.5% rise in same-store sales in the company’s Asia/Pacific, Middle East, and Africa region and the 5% rise in Europe. The company attributed the US growth to sales of its classic menu, innovative menu offerings, newly remodeled stores, and good weather. The only thing unusual about that list is the shout-out to the weather.
Excluding currency effects McDonald’s total sales rose 7% in the quarter, identical with growth in total sales at Yum! Brands Inc. (NYSE: YUM), which reported earnings on Wednesday. Starbucks Corp. (NASDAQ: SBUX) reports earnings next week and is expected to post revenues of $3.18 billion, a jump of 14% over the same period a year ago.
Overall, McDonald’s posted EPS of $1.23, right in line with the consensus estimate, on revenue of $6.55 billion, slightly ahead of the consensus estimate of $6.54 billion. The EPS estimate for next quarter is $1.44 on revenues of $7.15 billion. Good weather is not likely to offer much of boost in the current quarter, so the company better have something else up its sleeve.
McDonald’s shares are up about 1.7% in the pre-market at $96.95, in a 52-week range of $76.50-$102.22.
Paul Ausick
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.