MCD changes
Pick any two versions below to diff them.
- Price
- $280.22 → $274.80(−1.9%)
- Recent events
- Nov 4, 2026: McDonald's reported Q3 2026 results. Revenue was $7.16 billion, up 1%. Diluted EPS was $3.51, and adjusted EPS was $3.57, up 11%. Global same-store sales grew 1.5%. US same-store sales fell 0.2%, because guest counts fell and higher spending per visit offset most of it. The CEO said that US results improved as the quarter went on, after the company changed its value offers. McDonald's lowered its 2026 plan to about $3.7 billion of capital spending and about 2,500 new restaurants. Oct 8, 2026: removed: Bernstein cut its price target to $250 from $295. Bank of America kept its target of $343. In Restaurant Dive, the CFO said that the restaurant upgrades will come in phases, mostly with the normal remodel cycle, and that rent relief and capital support will be different in each market. Oct 6, 2026: Bloomberg reported that some US franchisees object to the cost of the restaurant upgrades in the new plan, at least $800,000 per restaurant. The doubt also delayed franchisee visits to the prototype restaurant. removed: On the same day, KeyBanc cut its price target to $280 from $305. Oct removed: 5, 2026: Wells Fargo cut its price target to $270 from $300, and Guggenheim cut its target to $250 from $290. Oct 2, 2026: A customer filed a proposed class action against McDonald's in a US federal court in Illinois. It alleges that McDonald's AI-enhanced pricing tool shares nonpublic store data with franchisees and helps raise menu prices, against antitrust law. The complaint says that menu prices rose 40% from 2019 to 2024. McDonald's said that the suit is "filled with inaccuracies", that franchisees set menu prices, and that it will defend itself. Sep removed: 28, 2026: Melius Research kept its Sell rating and cut its price target to $230 from $250. Morgan Stanley cut its target to $297 from $308. Sep 24, 2026: After Investor Day, several analysts cut their price targets: TD Cowen to $270 from $282, BMO to $310 from $335, and Evercore ISI to $300 from $320. BMO estimated that the franchisee plan cuts earnings per share by about 1% in 2027 and 2028, and by 2% to 3% by 2030. Evercore lowered its 2027 to 2030 estimates by about 3% because of the rent relief, more refranchising, and slower US sales. Sep 23, 2026: At its Investor Day, McDonald's promised about $8.5 billion of rent relief and capital support to franchisees through 2036, about $5 billion of it by 2030. It said the plan adds about $100,000 of cash flow a year to an average US restaurant. Its 2030 targets include an operating margin in the low-to-mid 50% range and a franchised share of about 98% by the end of 2028. The CEO said industry traffic will stay flat while inflation stays high. The CFO said that US same-store sales were slightly negative in July and August, will be positive in September, and will be slightly negative for Q3. The stock fell 4.81% that day, its worst day since April 2025. Sep 17, 2026: McDonald's raised its quarterly dividend by 3.8% to $1.93 per share, from $1.86. This is its 50th annual increase in a row. Aug 4, 2026: McDonald's reported Q2 2026 results. Revenue was $7.10 billion, up 4%. Adjusted EPS was $3.38, up 6%. Global same-store sales grew 1.3%, and US same-store sales grew 0.8%, with fewer guests. Management said most of the US shortfall came from weak execution of its value menu. It moved the 50,000-restaurant goal from 2027 to 2028. Skye Anderson replaced Joe Erlinger as president of McDonald's USA. Jul 24, 2026: Third-party foot-traffic data (Placer.ai) showed McDonald's US visits down 4.5% in Q2 2026 from a year earlier, against 3.0% for the fast-food industry. May 7, 2026: McDonald's reported Q1 2026 results. Revenue was $6.52 billion, up 9%. Adjusted EPS was $2.83. Global same-store sales grew 3.8%, and US same-store sales grew 3.9%, mostly from higher prices. Feb 11, 2026: McDonald's reported Q4 and full-year 2025 results. Global same-store sales grew 5.7% in Q4, and US same-store sales grew 6.8%. Full-year adjusted EPS was $12.20. For 2026, it planned about 2,600 new restaurants, about 2,100 net of closures.