Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, February 14, 2025

Article Excerpt

MCDONALD’S CORP., $308.55, New York symbol MCD, is a buy. This fast-food giant is the world’s largest fast-food chain with over 43,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. The company reported lower-than-expected revenue for its latest quarter, mainly due to a drop in traffic at its U.S. stores due to an outbreak of E. coli linked to a supplier of onions. However, new menu items and value meal promotions should help boost its U.S. sales. As well, sales at its international locations continue to improve. In the three months ended December 31, 2024, McDonald’s revenue fell 0.3%, to $6.39 billion from $6.41 billion a year earlier. That missed the consensus forecast of $6.44 billion. Overall same-store sales fell 0.4%. A 1.4% decline at the U.S. stores offset a 0.1% increase at the International Operated Markets division (Australia, Canada, France, Germany, Italy, the Netherlands, Spain and the U.K.), and a..