Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

McDonald’s Weaker On Covid Worries Despite Robust Growth

Stock MarketsJul 28, 2021 09:22
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Dhirendra Tripathi

Investing.com – McDonald’s (NYSE:MCD) stock fell 1% in Wednesday’s premarket trading -- which was off the lows for the morning -- as investors considered how the world’s biggest fast-food chain can continue its growth trajectory.

There has also been a resurgence of Covid cases because of a fast-spreading Delta variant, casting a shadow over major consumer companies. McDonald's stock already has been trading near its 52-week high.

For now, McDonald's is exceeding expectations. Total revenue for the recent quarter rose 57% to $5.88 billion as the world gorged on its new crispy chicken sandwich and a meal inspired by BTS, a South Korean boy band that is hugely popular among teenagers.

The Grammy-nominated pop band’s meal includes chicken McNuggets, fries and two dips.

Diluted earnings per share of $2.37 beat the expectation for $2.11.  

McDonald's same-store sales rose by 41%. Sales exceeded the prepandemic levels of 2019 for the second straight quarter.

Besides chip and gadget manufacturers, fast food chains have been the biggest beneficiary of post-pandemic demand, as people return to restaurants in addition to keeping up online sales.

Sales in the U.S. rose 26% and were driven by price increases the company undertook to mitigate higher wages and raw material costs.

 

 

 

McDonald’s Weaker On Covid Worries Despite Robust Growth
 

Related Articles

2 Top Canadian Banks to Add for Dividend Income
2 Top Canadian Banks to Add for Dividend Income By The Motley Fool - Sep 16, 2021

There are many reasons investors choose Canadian banks as core portfolio holdings. These banks tend to provide extremely stable returns over time. Additionally, most banks provide...

Top 3 Best-Performing TSX Stocks in 2021
Top 3 Best-Performing TSX Stocks in 2021 By The Motley Fool - Sep 16, 2021

This week, the Toronto Stock Exchange (TSX) announced the 2021 TSX30™ – the 30 best-performing stocks of the past three years. Financial institutions, small-cap...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email