173.95 +0.38 (0.22%)
Pre-Market: 4:01AM EST
|Bid||173.40 x 100|
|Ask||175.55 x 100|
|Day's Range||172.88 - 173.79|
|52 Week Range||119.82 - 175.78|
|PE Ratio (TTM)||25.12|
|Forward Dividend & Yield||4.04 (2.33%)|
|1y Target Est||N/A|
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the markets as earnings season kicks off in earnest.
McDonald's Corp said on Tuesday it is responding to customers' No. 1 request by setting goals for switching to environmentally friendly packaging materials and offering recycling in all of its restaurants. "We have a responsibility to use our scale for good to make changes that will have a meaningful impact across the globe," said Francesca DeBiase, McDonald's chief supply chain and sustainability officer. The world's biggest restaurant chain will aim to get 100 percent of its packaging from renewable, recycled or certified sources by 2025, with a preference for Forest Stewardship Council certification, which ensures that products come from responsibly managed forests.
For fiscal 2018, analysts expect Starbucks (SBUX) to post revenue of $24.57 billion, which represents growth of 9.8% from $22.39 billion in fiscal 2017. In the long run, Starbucks’s management expects its revenue growth to be in the high single digits, while its SSSG (same-store sales growth) is expected to be in the range of 3%–5%. Starbucks’s fiscal 2018 revenue growth is expected to be driven by the addition of new restaurants, positive SSSG, and growth in sales from the Channel Development segment.
Increased onsite locations and installation of vending machines along with the Mansco acquisition are expected to boost Fastenal's (FAST) sales in the fourth quarter.
In fiscal 2017, Starbucks (SBUX) posted revenue of $22.39 billion, which represents growth of 5.0% from its $21.32 billion in fiscal 2016. The revenue growth was driven by the addition of new restaurants, positive SSSG (same-store sales growth), and an increase in revenue from channel development and other segments. The revenue growth was driven by the addition of 768 new company-owned restaurants, which contributed $869 million.
In late 2016, McDonald’s partnered with UberEATS to expand its door delivery initiative in the U.S. This partnership expanded significantly last year, and by the end of 2017 the company was track for 10,000 McDonald’s restaurants offering a delivery option.
Walmart announced a wage increase on Thursday and credit tax cuts. But the retail landscape never really gave the company a choice.
McDonald’s says it will eliminate foam packaging by the end of 2018. Foam currently makes up about about 2 percent of McDonald's packaging, by weight. California-based As You Sow, a corporate responsibility group which sponsored a shareholder resolution to eliminate the cups, said it was happy that the company had made the move.
Fast-food companies will have little choice but to automate their operations as minimum wages rise, the chief executive of Jack in the Box Inc. said Tuesday.
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Over the past few years, McDonald’s has been working aggressively on several initiatives to add healthier products and suit changing customer preferences. These changes have started showing results, with positive comparable sales leading to growth in profits.
Domino's (DPZ), Darden (DRI) and McDonald's (MCD) are well poised to grow on the evolving digital trend. They are innovative operators with strong fundamentals.
The Zacks Analyst Blog Highlights: 3M, Caterpillar, McDonald's, Procter & Gamble and Microsoft
Cheddar's acquisition, various sales boosting initiatives along with the cost saving efforts undertaken by Darden (DRI) are expected to drive growth.