Earnings: McDonald's Analysis - What's Next for the Big Mac Maker?
McDonald's beat analyst consensus estimates for both EPS and revenues in the 3Q. The company also reported same-store-sales for the month of September, which were higher than expected.
With me to discuss the big-mac maker is Mark Kalinowski of Janney Capital Markets.
1. How did MCD's earnings compare to your own expectations for the September quarter?
2. How was MCD's September U.S. SSS? You predicted APMEA as substantially stronger for Sept SSS -- did developing countries show strong growth?
3. How has a weaker dollar impacted earnings?
4. The company regionally tested in Canada three new burgers (Quarter Pounder Deluxe; Smokehouse Deluxe; Angus Third Pounder) for a month, from August to early September -- did the company determine or mention on the call whether those will go national or international? What kind of earnings impact could these new product offerings have?
5. McDonalds plans to open 45 restaurants in India next year, on top of 35 this year. The company will have 210 stores in the country by the end of 2010. What percentage of revenue came out of India this quarter and how much growth is expected there in the longer term as these stores open?
6. Shares of the company hit a new all-time high after the release - where do you see the stock headed?
7. What's your top-pick in the sector?
