Shares of McDonald’s (NYSE:MCD) rose 0.2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 30.61% year over year to $1.92, which beat the estimate of $1.81.
Revenue of $5,125,000,000 higher by 8.72% from the same period last year, which beat the estimate of $5,030,000,000.
Looking Ahead
Earnings guidance hasn’t been issued by the company for now.
McDonald’s hasn’t issued any revenue guidance for the time being.
Conference Call Details
Date: Apr 29, 2021
Time: 08:30 AM
ET Webcast URL: https://mcdonalds.webcasts.com/starthere.jsp?ei=1447336&tp_key=5db9da6c78
Technicals
Company’s 52-week high was at $235.63
52-week low: $167.85
Price action over last quarter: Up 12.05%
Company Profile
McDonald’s Corporation is the largest restaurant owner-operator in the world, with 2020 systemwide sales of $93 billion across 39,000 stores and 119 countries. McDonald’s revolutionized the restaurant industry with a cheap and fast core menu, building its impressive footprint through partnerships with independent restaurant franchisees. The firm earns 57% of its revenue from franchise royalty fees and lease payments, with the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed. McDonald’s owns 55% of the real estate and 80% of the buildings in its franchise system, offering it substantial leverage in maintaining quality standards and consistency across markets.
