27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
McDonald's Corporation (NYSE: MCD) reported that its net income grew 35 percent to $1.098 billion in the first quarter from $811.5 million in the year-ago quarter. Its earnings also jumped 46 percent to $1.23 a share from $0.84 a share in the comparable period thus beating the analysts' estimations by $0.07 a share.
McDonald's revenues dipped 1 percent to $5.903 billion from $5.958 billion in the previous year quarter, which was also above the Street predictions of $5.82 billion. The food retailer said that revenue would have increased 3 percent and profit by 40 percent based on the constant currency.
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The company disclosed that its comparable sales grew 5.4 percent driven by the ongoing popularity of its All Day Breakfast and the launch of McPick 2.
McDonald's President and CEO Steve Easterbrook said, "McDonald's brand and business is built on offering delicious food and beverages through unmatched convenience and compelling value. The turnaround plan we announced last year is grounded in enhancing these critical customer-driven elements, and I'm pleased to report that our turnaround is taking hold. The ongoing investments we're making in running great restaurants and delivering what matters most to our customers are beginning to yield sustained positive results. For the quarter, we generated higher sales, revenues and operating income in constant currencies across all business segments."
The company stated, "Comparable sales for the International Lead segment increased 5.2% for the quarter, led by strong performance in the U.K., Australia and Canada as strong execution of core menu, compelling value and convenience strategies continued to resonate with consumers. First quarter operating income increased 12% (18% in constant currencies), driven by higher franchised margin dollars. The segment delivered strong results despite ongoing economic and competitive headwinds in France and Germany."
The CEO concluded, "Last week, McDonald's came together for our biennial worldwide convention to galvanize around the actions we're taking to be recognized by our customers as a modern and progressive burger company. I came away energized by the talented franchisees, suppliers and employees from around the world who are working to strengthen the fundamentals of running great restaurants to build strong and sustainable momentum. While there is still work to be done, we are on the right path to make even greater progress. I am confident that our continued efforts will deliver meaningful long-term value for all stakeholders into the future."
Following the news, the stock traded 1.8 percent higher in pre-market trading.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.