Список проголосовавших за комментарий " McDonald's Earnings Preview (134.49 +1.09)<p>McDonalds (MCD) is scheduled to report Q1 earnings before the open tomorrow. The company reported last quarter's earnings at 7:58 am ET (and a conference call is scheduled for 11:00 am ET)</p><ul><li><strong>Consensus estimates Q1 adj. EPS of $1.33 (vs. $1.39 last year) on revs of $5.5 bln (-7% Y/Y).<br/> </strong><ul><li><strong>Estimate for Q1 comps is for +1.4%</strong></li></ul></li><li>Co typically does not provide guidance, but the co did set constant currency financial targets at its Investor Day on March 1.<br/> <ul><li>These targets include systemwide sales growth of 3% to 5%</li><li>Operating margin to mid 40%<br/> <ul><li>2016 operating margin was 31.4%</li></ul></li><li>EPS growth in the HSD<br/> <ul><li>Previous target: operating income growth of 5% to 7% excluding certain charges in 2016, and one year ROIC.</li></ul></li></ul></li><li>Last earnings, MCD beat on EPS and comps and reported revs inline<br/> <ul><li>The stock opened slightly down and ended the day down ~0.7 down at 121.38.</li></ul></li><li>Shares have trended upwards ~10% in the last 3 months as shares are currently trading at all-time highs<br/> are some other restaurant names that have been trending upwards during the last few months, as well.<br/> <ul><li>In the last 2 months, the acquisitions of Popeyes (PLKI) and Panera (PNRA) have been a positive catalyst for the restaurant industry w/ many names such as ARCO (a MCD franchisee that operates/franchises over 2140 MCD restaurants in the Caribbean), BJRI, CMG, DRI, and RRGB all in uptrends over the last few months</li></ul></li></ul><p>Comps Trends From Last Quarter</p><ul><li>Global comparable sales increased 2.7% (+3.5% in Q3 and +3.1% in Q2) vs. ests near +1.5%, reflecting positive comparable sales in all segments. Operating income up 7% in constant currencies</li><li>In the U.S., comparable sales increased 1.3% (+1.3% in Q3), reflecting the lapping of the first quarter of the all-day breakfast initiative</li><li>Comparable sales for the International Lead segment increased 2.8% (+2.8% in Q3) for the quarter, led by the UK</li><li>In the High Growth segment, second quarter comparable sales increased 4.7%, led by positive perfoermance in China and across the entire segment.</li><li>Comparable sales rose 11.1% in the Foundational markets, reflecting very strong performance in Japan and certain markets in Latin America.</li></ul><p>Analyst Actions:</p><ul><li>On April 21, BMO Capital initiated w/ Outperform.</li><li>On April 21, Telsey Advisory Group raised its target to $140 from $136. The firm notes as mgmt accelerates its pace of change; improves its core competencies in quality, convenience and value; continues to improve consumer perception of its food and service quality; and supports those improvements with its predatory advertising scale; the firm believes McDonald's operating trends will further accelerate, lending upside potential to their current revised projections.</li><li>On April 20, Barclays mentioned the co as one of its best ideas in the restaurant sector</li><li>On April 18, Bernstein upgraded to Outperform from Market Perform</li><li>On April 17, Wells Fargo upgraded to Outperform from Market Perform</li><li>On March 17, Credit Suisse noted, «Channel checks point to accelerated SSS through March-to-date»</li></ul><p>Peers: <em>YUM, WEN, BKW, CMG, SHAK, RRGB</em></p>"