- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
Open Account
CFD trading
Trade CFDs on forex, commodities, indices, and more.
Open accountTo open a CFD trading account as a Company, Trust, or SMSF, apply here.
Share trading
Invest in shares and ETFs on the Australian share market.
Open accountOpen a Personal or Company/Trust/SMSF share trading account.
- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- GO Markets trading app
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & analysis
- Shares and Indices
- McDonald’s falls short on revenue for the first time since 2022
- Home
- News & analysis
- Shares and Indices
- McDonald’s falls short on revenue for the first time since 2022
- Founded: 1940
- Headquarters: Chicago, Illinois, United States
- Number of employees: 150,000 (2022)
- Industry: Fast food restaurants, real estate
- Key people: Enrique Hernandez Jr. (chairman), Chris Kempczinski (president & CEO)
- 5 day: -2.17%
- 1 month: -2.03%
- 3 months: +6.34%
- Year-to-date: -3.55%
- 1 year: +6.74%
- Bank of America: $341
- Stifel Nicolaus: $322
- HSBC: $317
- Truist Financial: $340
- Piper Sandler: $299
- TD Cowen: $325
- BMO Capital Markets: $335
- Royal Bank of Canada: $315
- Citigroup: $310
- DZ Bank: $300
- Wedbush: $310
- Stephens: $300
- JP Morgan Chase & Co.: $278
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & analysisNews & analysisMcDonald’s falls short on revenue for the first time since 2022
6 February 2024 By Klavs ValtersThe US earnings season continues. To kick things off this week, McDonald’s Corporation (NYSE: MCD), released Q4 2023 and full year results before the opening bell on Monday.
World’s largest restaurant chain reported revenue that fell short of Wall Street expectations for the first time since Q2 2022 at $6.406 billion vs. $6.448 billion expected. Revenue was up by 8% vs. Q4 2022.
Earnings per share (EPS) reached $2.95 vs. analyst estimate of $2.827 per share. EPS was also up by 8% year-over-year.
Full year revenue reached $25.493 billion, up from $23.182 billion in 2022. EPS grew by 39% year-over-year to $11.56 per share.
Company overview
CEO commentary
“Our global comparable sales growth of 9% for the year is a testament to the tremendous dedication of the entire McDonald’s System,” CEO of McDonald’s, Chris Kempczinski said in a press release.
“Strong execution of our Accelerating the Arches strategy has driven over 30% comparable sales growth since 2019 as our talented crew members, and the industry’s best franchisees and suppliers have demonstrated proven agility with a relentless focus on the customer. By evolving the way we work across the System, we remain confident in the resilience of our business amid macro challenges that will persist in 2024,” Kempczinski added.
Stock reaction
The stock was down by 3.73% at the end of trading on Monday, trading at $285.97 a share, falling to its lowest level since 8/12/23.
Stock performance
McDonald’s stock price targets
McDonald’s Corporation is the 51st largest company in the world with a market cap of $207.42 billion, according to CompaniesMarketCap.
You can trade McDonald’s Corporation (NYSE: MCD) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”.
GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours?
Sources: McDonald’s Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Ready to start trading?
The information provided is of general nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information provided, you should consider whether the information is suitable for you and your personal circumstances and if necessary, seek appropriate professional advice. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice. Past performance is not an indication of future performance. Go Markets Pty Ltd, ABN 85 081 864 039, AFSL 254963 is a CFD issuer, and trading carries significant risks and is not suitable for everyone. You do not own or have any interest in the rights to the underlying assets. You should consider the appropriateness by reviewing our TMD, FSG, PDS and other CFD legal documents to ensure you understand the risks before you invest in CFDs. These documents are available here.
#Indice #Indices #IndicesTrading #IndexTrading #Shares #Stockmarket #StocksNext Article
Caterpillar stock gains after earnings
US manufacturer of construction and mining equipment, Caterpillar Inc. (NYSE: CAT), reported the latest financial results on Monday. CAT achieved revenue of $17.07 billion for the three months ending 31/12/23 (an increase of 3% year-over-year), which beat analyst estimate of $17.057 billion. Earnings per share (EPS) was reported at $5.23 (an ...
February 6, 2024Read More >Previous Article
Exxon Mobil tops earnings estimates but falls short on revenue
World’s second largest oil & gas company, Exxon Mobil Corporation (NYSE: XOM), announced results for the previous quarter before the market open...
February 5, 2024Read More >Please share your location to continue.
Check our help guide for more info.