McDonald's Corp Up 1.81% To $296.60 After Earnings

McDonald's Corp (MCD) said before open Thursday that it broke even in quarter two 2023.

In the same quarter a year ago, the company earned $2.55 per share on revenue of $5.7 billion.

The stock is up 1.81% to $296.60 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned McDonald's Corp a Bearish Sentiment Rank from InvestorsObserver.

McDonald's Corp has performed a little above average during the past few months. Before the report, McDonald's Corp received a Long-Term Technical Rank by InvestorsObserver of 73, putting it in the top half of stocks. The firm was recently trading at a 52-week high of $299.35 on July 21, 2023 and set a 52-week low on September 30, 2022 at $230.58.

McDonald's is the largest restaurant owner-operator in the world, with 2021 system sales of $112 billion across more than 40,000 stores and 119 countries. McDonald's pioneered the franchise model, building its impressive footprint through partnerships with independent restaurant franchisees around the world. The firm earns nearly 60% of its revenue from franchise royalty fees and lease payments, with the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets. McDonald's owns 55% of the real estate and 80% of the buildings in its franchise system, offering it substantial leverage in maintaining quality standards and consistency.