McDonald’s Corporation ( NYSE : MCD) Q2 2024 Earnings Conference Call is scheduled for today, July 29, 2024, at 08:30 AM EST.
Market Cap
€167.21 billion market cap positions McDonald’s as the 70th most valuable company globally as of July 2024, per companiesmarketcap.com data.
Dividend Information 
McDonald’s offers a 2.65% dividend yield with an annual dividend of $6.68, paid quarterly. The payout ratio stands at 56.71%, with a 9.87% growth in dividends. The company has a 49-year history of dividend growth, a buyback yield of 1.31%, and an overall shareholder yield of 3.96%. The ex-dividend date is September 3, 2024.
Latest Developments At MacDonald’s
Here are some recent updates from McDonald’s:
– McDonald’s updates North American supply chain leadership.
– Collaborates with anime JUJUTSU KAISEN to launch app-exclusive Special Grade Garlic Sauce.
– Highlights anti-littering initiatives in Norway and the UK.
– Introduces Summer of Value campaign in the US.
– Partners with Elaine Welteroth and fashion experts to support emerging Black designers in the USA.
Q1 Earnings Report Recap 
– Global comparable sales rose 1.9%, driven by U.S. (+2.5%) and International Operated Markets (+2.7%); International Developmental Licensed Markets fell 0.2% due to the Middle East conflict.
– Consolidated revenues increased 5% (4% constant currencies), and systemwide sales grew 3% (3% constant currencies).
– Consolidated operating income jumped 8% (8% constant currencies), adjusted for restructuring charges, up 2% (2% constant currencies).
– Diluted EPS at $2.66, up 9% (9% constant currencies); adjusted EPS at $2.70, up 2% (2% constant currencies).
– CEO emphasizes consistent growth over 13 quarters, commitment to value, and long-term growth through Accelerating the Arches plan and QSR market share expansion.
Q2 Earnings Report Analyst Forecast
For Q2 2024, McDonald’s Zacks Consensus Sales Estimate stands at $6.65B, with 11 estimates ranging from $6.52B to $6.74B, reflecting a 2.36% YoY growth from $6.50B. Earnings per share (EPS) consensus is $3.08 from 12 estimates, ranging between $3.02 and $3.16, representing a YoY decline of 2.84% from $3.17.
Investing.com projects McDonald’s (NYSE: MCD) earnings per share at $3.07 and revenue at $6.62 billion.
TradingView.com projects McDonald’s (NYSE: MCD) EPS at $3.07 and revenue at $6.62 billion.
Technical Analysis 
– McDonald’s (NYSE: MCD) potential support breakout at $245.64.
– If support breaks:
– Target 1: $230.13
– Target 2: $210.40
– If breakout fails:
– Target 1: $257.85
– Target 2: $267.43
Conclusion
McDonald’s strong Q1 2024 performance, marked by a 9% increase in diluted EPS and steady global sales growth, highlights the company’s resilience and strategic execution. With a market cap of €167.21 billion, a robust dividend history, and new initiatives, McDonald’s is well-positioned for sustained growth. Looking ahead, Q2 forecasts project slight declines in EPS but moderate revenue growth. Technical analysis indicates potential support at $245.64, with possible price targets on both the downside and upside. Overall, McDonald’s has a solid track record.
Source :
https://corporate.mcdonalds.com/corpmcd/investors/events-and-presentations.html
https://companiesmarketcap.com/eur/mcdonald/marketcap/
https://stockanalysis.com/stocks/mcd/dividend/
https://corporate.mcdonalds.com/content/dam/sites/corp/nfl/pdf/Exhibit%2099.1%20-%20Q1-24.pdf
https://www.zacks.com/stock/quote/MCD/detailed-earning-estimates
https://www.investing.com/equities/mcdonalds-earnings
