Categories Earnings, LATEST, Retail

What to expect when McDonald’s (MCD) reports Q4 2019 earnings

McDonald’s Corporation (NYSE: MCD) is slated to report fourth quarter 2019 earnings results on Wednesday, January 29, before the market opens. Analysts expect the company to report earnings of $1.96 per share while revenue is expected to rise by 2% to $5.30 billion.

This will be the first earnings report since Chris Kempczinski took over as CEO after the abrupt exit of Steve Easterbrook. It will be worth watching if any new strategies or changes are revealed. The strength in comparable sales can be expected to continue this quarter as well.

mcdonald's Q3 2019 earnings infographic

The company’s investments in store development, delivery services and menu innovations are likely to help boost results and drive growth going forward. However, the fast food chain faces tough competition from the increasing number of delivery services that are now available in the market.

In the third quarter of 2019, McDonald’s missed revenue and earnings expectations. Revenue inched up 1% to $5.43 billion while EPS of $2.11 remained flat year-over-year. Revenues from franchised restaurants grew 5% while revenues from company outlets fell 4%.

Shares of McDonald’s have gained 13% over the past one year and 7% over the past three months. The majority of analysts have rated the stock as Buy and it has an average price target of $223.24, which represents an upside of 6% from the current price.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Key highlights from Box (BOX) Q4 2021 earnings results

Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to

Infographic: Highlights of Hewlett Packard’s (HPE) Q1 2021 earnings report

Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,

MercadoLibre (MELI): Here is a stock to have on your investment radar

MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top