I wanted to share some insights from McDonald's latest earnings report for Q2 2024. Unfortunately, it wasn't the best quarter for the fast-food giant. Here are the key highlights:
1. Triple Miss:
McDonald's missed expectations on profit, revenue, and comparable sales. This has raised concerns among investors and analysts.
2. Profit Miss:
Adjusted earnings per share (EPS) came in at $2.97, below the expected $3.07.
3. Revenue Miss:
Revenue was $6.49 billion, up 2.01% year over year, but below the expected $6.63 billion.
4. Comparable Sales Decline:
Global same-store sales, which include company-owned stores and franchisees, decreased by 1%, compared to an expected increase of 0.84%.
5. Extension of $5 Meal Deal:
McDonald's is extending its popular $5 meal deal through August. This deal was launched at the end of the quarter on June 25.
6. Impact on Franchisees:
The extension of the $5 meal deal might put pressure on franchisees trying to maintain profitability amid increased promotional activity.
7. Market Reaction:
McDonald's shares dropped 1.2% in premarket trading following the report. The market's reaction highlights the significance of these misses in the current economic environment.
McDonald's (MCD) Q2 2024 – Triple Miss
byu/Obvious_Truth_2378 inwallstreetbets
Posted by Obvious_Truth_2378
18 Comments
It is rising
Market Reaction is already obsolete. Go back to ChatGPT and ask for an up to date conclusion to share with us.
I got puts
Oh oh oh, Ozempic!
It’ll somehow climb so high it’ll get an upward halt
sounds like stock is set to go higher
Stock up over 1% PM ![img](emote|t5_2th52|4271)
Stocks are detached from fundamentals and it is all just MM doing whatever they can to fuck options traders.
Simple problem.
McD is a fast food joint that priced itself out of the fast food market.
McD as a company is more about brand and real estate than it is about profits and revenue on foods. That will trickle down to the franchisee owners.
I don’t see the stock getting hammered until you see franchisees start to bail out and restaurant growth either slows or starts to drop
At a McD now and a single has brown is $3 lol
They’re losing ground in fast food market, but you gotta admit they’re pretty smart in how they position themselves, and well hedged.
Aged like milk
BEARISH ![img](emote|t5_2th52|31225)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4275)
Price is in months ago.
TO THE MOON ![img](emote|t5_2th52|4271)
Pump and dump, good luck bulls 🥴![img](emote|t5_2th52|4267)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4276)
Triple miss…. Share price roars up. Op doesn’t have a clue and just using Chat GPT lol
Bring back the Ham Burglar.