Shares of McDonald's MCD fell 1.2% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share decreased 13.71% over the past year to $1.70, which missed the estimate of $1.78.
Revenue of $5,314,000,000 decreased by 0.65% from the same period last year, which missed the estimate of $5,370,000,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Jan 28, 2021
Time: 08:30 AM
ET Webcast URL: https://mcdonalds.webcasts.com/starthere.jsp?ei=1416923&tp_key=b01961a914
Technicals
52-week high: $231.91
52-week low: $124.23
Price action over last quarter: down 1.62%
Company Description
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 September 2020, there were roughly 39,100 locations in more than 120 countries: 36,400 franchisee/affiliate units and 2,700 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 its "Accelerating the Arches" plan, which includes (1) optimizing its marketing approach; (2) focusing on its core menu; and (3) doubling-down on digital, drive-thru, and delivery efforts.
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