The world’s largest burger chain, McDonald’s Corp. (NYSE: MCD) said on Tuesday that global sales rose 1.9% in August, driven mainly by revival in its European business, which offset weakness in other markets, including the U.S. The result was better-than-expected. Analysts were anticipating an increase of 0.3%. In Europe, same-store-sales increased 3.3% while analysts had forecasted a drop of 0.1%. Same-store-sales in the U.S. edged up 0.2%, which was below analysts’ forecast of 0.8% gain. Same-store-sales in Asia Pacific, The Middle East and Africa, slipped 0.5% while analysts’ had expected a 1% drop.
Tag: MCD
Major Movers on July 22; KMB, DWA, MCD, YHOO, FDML, NAFC, SPTN
Shares of Kimberly Clark Corp. (NYSE: KMB) fell about 1.47% by afternoon trade. The Consumer products maker, reported on Monday that fiscal second quarter net income increased 5.6% as cost cutting measures, improvement in international business helped offsetting its restructuring expenses arising from Western European operations. Continue reading Major Movers on July 22; KMB, DWA, MCD, YHOO, FDML, NAFC, SPTN
Major Movers on June 10; STEL, IHS, FB, RFMD, MCD
Shares of Stellarone Corp. (NASDAQ: STEL) rallied about 16.35% by afternoon trade on Monday. The Company announced on Monday that it has agreed to be acquired by Union First Market Bankshares Corp in deal valued at about $445 million. According to the terms of the deal, Union First will offer one share against each share held in Stellarone, which translates into $19.50 or 20% premium over the closing stock price on Friday. The merger of Richmond Va. based Union First and Charlottesville Va. based Stellarone will result into a largest Virginia based community bank in term of deposits. The amalgamation will result into 146 branches, deposits worth $5.8 billion, loans worth $5.2 billion, and total assets are estimated to be at $7.1 billion.
Continue reading Major Movers on June 10; STEL, IHS, FB, RFMD, MCD
McDonald’s May Same-Store Sales Climb 2.6% (MCD)
Changes in menus, more advertising on value-meals, and sales promotion efforts such as expanded late night breakfasts, seems to have worked in favor of the world’s largest burger chain, McDonald’s Corporation (NYSE: MCD).
Continue reading McDonald’s May Same-Store Sales Climb 2.6% (MCD)
Major Movers on January 23; CREE, MCD, AMD
Cree Inc. (NASDAQ: CREE) shares have risen sharply in early trading today after the Durham, North Carolina-based semiconductor company reported its second-quarter financial results.
Major Movers on December 10; ZGNX, CLDX, CBMX, MCD, HPQ, AAPL
Shares of Zogenix Inc. (NASDAQ: ZGNX), a pharmaceutical company which focuses on treatment related to central nervous disorder and pain, plummeted 46 percent on Monday after the Company revealed that Food and Drug Administration’s advisory committee voted against the application for approval of a pain treatment.
Continue reading Major Movers on December 10; ZGNX, CLDX, CBMX, MCD, HPQ, AAPL
Major Gainers and Losers in Early Trading on October 19; MCD, MAN, MSFT, SNDK
Shares of McDonald’s Corporation (NYSE: MCD), a global restaurant company, are down sharply in early trading today. At last check, MCD shares were trading 3.19% lower at $89.90 on volume of 1.70 million. The stock touched an intra-day low of $89.72.
Continue reading Major Gainers and Losers in Early Trading on October 19; MCD, MAN, MSFT, SNDK