McDonald’s ( MCD ) reported fourth-quarter results early Tuesday. The Dow Jones stock, also the world’s largest restaurant chain by revenue, was expected to announce an earnings rebound as it recovers from the coronavirus pandemic and inflation pressures. McDonald’s stock dipped early Tuesday following earnings. Even McDonald’s felt Covid’s impacts as the pandemic shifted consumers’ eating habits, CEO Chris Kempczinski said in an early November investors update. People are utilizing contactless order options while dining in less and more often opting for take out. Breakfast orders decreased as customers order lunch and dinner more often. But restaurants are seeing greater clarity on food and labor cost inflation, which is matched by the industry’s highest year-over-year menu pricing increase, JPMorgan analyst John Ivankoe wrote in a Jan. 18 research note. Ivankoe believes McDonald’s will be one of the "winners" in the space as still-solid underlying consumption matches commodity, labor and energy disinflation. He raised his price target on McDonald’s stock to 262 from 250 and maintained the overweight rating on the shares. McDonald’s Earnings Earnings growth slowed for three quarters before declining in Q3. And sales fell the past two quarters after gains decelerated the three quarters prior. Expectations: Adjusted […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
