Fast-food giant McDonald’s (MCD) fell shy of fourth quarter earnings estimates, posting revenue of $6.39 billion (shy of the $6.45 billion expected) and adjusted earnings per share of $2.80 (also shy of the $2.84 expected). As global same-store sales unexpectedly rose 0.4%, US sales declined by 1.4% as October’s E. coli outbreak weighed heavily on McDonald’s this past quarter.
Wedbush Securities managing director of equity research for restaurants Nick Setyan reacts to McDonald’s earnings release and the guidance on the company’s operating margins.
In terms of a rebound for the McDonald’s stock, "we’re not seeing it so far in Q1," Setyan tells Seana Smith and Brad Smith. "Part of it is weather. And then part of it is… McValue has really not necessarily driven incremental sales, right? It’s driven incremental guest counts, but the average check is down. So we haven’t really seen much of a change from the trend line… in December."
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