Shares of McDonald's MCD moved higher by 5% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 5.21% year over year to $2.22, which beat the estimate of $1.90.
Revenue of $5,418,000,000 declined by 0.24% year over year, which beat the estimate of $5,400,000,000.
Guidance
McDonald's hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Nov 09, 2020
Time: 08:30 AM
ET Webcast URL: https://mcdonalds.webcasts.com/starthere.jsp?ei=1380499&tp_key=8bba7943aa
Recent Stock Performance
52-week high: $231.91
Company's 52-week low was at $124.23
Price action over last quarter: Up 12.33%
Company Overview
McDonald's generates revenue through company-owned restaurants, franchise royalties, and licensing pacts. Restaurants offer a uniform value-priced menu with some regional variations. As of June 2020, there were roughly 39,000 locations in more than 120 countries: 36,400 franchisee/affiliate units and 2,600 company units. After reorganizing the company into segments based on the maturity and competitive position of its different markets, refranchising 4,000 locations, and eliminating $500 million in net annual SG&A expenses the past several years, the company is focused on "velocity growth accelerators" such as an Experience of the Future layout (counter, kiosk, web ordering and table service/curbside delivery), mobile ordering and payments, and delivery alternatives.
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