Categories: USA

McDonald’s stock reaches all-time high record

McDonald’s has reported on Friday that its same-store sales growth has topped the set estimate. The company’s promotions and store upgrades payoff for its U.S. business. The company’s shares had hit an all-time high of $218.15 in morning trading before going down. The company’s stock worth is more than $165 billion.

This value is up 20% so far for this year. The company’s reported prices along with what Wall Street had expected are as follow:

  • Earnings per share: $2.05, adjusted, vs. $2.05 expected
  • Revenue: $5.34 billion vs. $5.33 billion expected
  • Global same-store sales growth: 6.5% vs. 5.1% expected

The company had reported fiscal second-quarter net income of $1.52 billion which accounts for $1.97 per share. The values last year were $1.50 billion which accounted $1.90 per share. However, the net sales of the quarter were flat. The company had estimations of $5.33 billion in revenues, but the value had exceeded to $5.34 billion. U.S. same-store sales grew by 5.7%, well above analysts’ expectations of 4.5%.

McDonald’s had also increase same-store sales as the company had attributed the increase in growth thanks to successful deals like 2 for $5 Mix and Match promotion. The success could also be attributed to the positive impact from its tech-focused store renovations. The company’s core menu items, like Big Macs and Quarter Pounders, had continued to do well in the U.S. market. The Happy Meal business had also grown thanks to a renewing partnership with Disney.

McDonald’s has no plan to stop here as it will spend about $1billion in 2019 to modernize the American stores. They will implement self-order kiosks and other innovative upgrades as well to increase the tech-focused renovations. The company had set goals for renovating 2,000 restaurants this year and they are halfway of achieving that goal.

Adyson Sipes

Staff writer for the Chicago Morning Star

Recent Posts

Fire FC II Signs Draft Pick Jack Sandmeyer

Chicago Fire FC II has signed defender Jack Sandmeyer, the club’s 2026 MLS SuperDraft selection, to an MLS NEXT Pro…

3 days ago

Chicago Strengthens Role in Medical Research

Chicago continues to rank among the nation’s leading hubs for medical research, supported by a network of major universities, hospitals,…

4 days ago

CTA Advances $3.6B Red Line Extension

For decades, residents of Chicago’s Far South Side have watched the city’s transit map end abruptly at 95th Street. Neighborhoods…

2 weeks ago

No. 18 Saint Louis Rolls Past Loyola 86-59

No. 18 Saint Louis extended its winning streak to 18 games Friday night, pulling away in the second half for…

2 weeks ago

Chicago Office Vacancies Climb to 28.2%

Office vacancy rates in Chicago have climbed to 28.2 percent, exceeding pre-pandemic levels and marking the 14th straight quarter of…

2 weeks ago

NBC Adds Kershaw, Rizzo, Votto to MLB Broadcast Team

NBC has finalized its broadcast lineup for its return to Major League Baseball coverage this season, officially adding recently retired…

2 weeks ago

This website uses cookies.