Shares of McDonald's Corporation (NYSE:MCD) were halted Wednesday morning ahead of the company's Investor Day presentation. The stock resumed at 12:23 p.m. ET.
Here is a recap of what's been said at the meeting so far:
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.
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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 CFO Kevin Ozan talked about G&A discipline efforts.
- Ozan said that actions the company has taken over the past two years resulted in over $200 million in savings.
- Ozan added that the company remains on track to achieve $500 million in savings.
- Management said that delivery in China accounts for 10 percent of total system sales in the country.
- Management hinted that GrubHub Inc (NYSE:GRUB) could be a delivery partner.
- Management cited a near-term goal of reversing guest count declines that was seen over the past few years.
- Coffee remains a big opportunity and it may launch new flavors and add more dessert options to its menu.
- Management talked about its "Experience of the future" (EOTF) and how a mobile ordering and payment system will be implemented.
- In terms of guidance the company sees its system-wide sales growth being in the range of 3 to 5 percent beginning in 2019.
- Management also guided its operating margin to be in the high 20 percent range to mid-40 percent range.
McDonald's stock was last seen at $128.