Loss Of Investor Appetite Justified? McDonald's Analysts Dig Into Q4 Print: 'We Are Pleased'
Portfolio Pulse from Priya Nigam
McDonald's Corp (NYSE:MCD) shares fell in premarket trading after reporting mixed Q4 results, with global same-store sales growth of 3.4%, missing Wall Street estimates of 4.7%. Analysts from Stephens and TD Cowen maintained positive ratings despite the shortfall, attributing it to international sales pressures, particularly from the Middle East. Adjusted earnings exceeded expectations due to one-time charges. The company plans to open ~2,100 restaurants in 2024, expected to boost systemwide sales growth.

February 05, 2024 | 4:13 pm
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McDonald's Corp reported mixed Q4 results with a shortfall in global same-store sales but exceeded adjusted earnings expectations. Analysts remain optimistic, highlighting plans for significant expansion in 2024.
Despite the mixed Q4 results, the positive outlook from analysts and the company's expansion plans for 2024 could stabilize the stock price in the short term. The shortfall in global same-store sales is a concern, but the beat on adjusted earnings and the strategic growth plans may counterbalance investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100