McDonald's (MCD, Financial) stock experienced a notable drop of 1.24%, bringing its share price to $300.00. The trading volume for the stock reached 1.179 million shares, with a turnover rate of 0.16% and a volatility of 1.69%.
Financial reports reveal McDonald's generated $6.49 billion in revenue, achieving a net profit of $2.022 billion and earnings per share of $2.81. The company's gross profit was $3.686 billion, with a price-to-earnings ratio of 26.27. Out of 38 institutions rating the stock, 61% recommend buying, while 39% suggest holding, with no sell recommendations.
The restaurant sector, where McDonald's operates, saw an overall decline of 1.61%. Other notable movements in the sector include significant gains by companies like Tiandi Hui, Tehai International, and Yoshiharu Global Co. Active stocks in the industry were Tiandi Hui, Xiangsong International, and Dine Brands Global Inc, with turnover rates of 127.59%, 29.57%, and 4.85%, respectively. Stocks with larger volatility include Xiangsong International, Tiandi Hui, and Pinstripes Holdings, Inc., with volatilities of 34.23%, 30.17%, and 15.70% respectively.
McDonald's, also known as Golden Arches (China) Co., Ltd., is the world's largest restaurant operator. In 2022, it achieved system sales of $116 billion across nearly 40,000 locations in over 100 markets. The company utilizes a franchising model partnering with independent restaurant franchisees globally, deriving over 60% of its revenue from franchise fees and leases. The remaining revenue comes from company-operated stores in its core markets: the U.S., international operated markets, and international developmental licensed markets. As of the end of 2021, McDonald's owned 55% of its franchise real estate and 80% of its buildings, granting it significant influence over quality standards and consistency.
