Welcome to our dedicated page for McDonalds news (Ticker: MCD), a resource for investors and traders seeking the latest updates and insights on McDonalds stock.
McDonald's Corporation (MCD) maintains its industry leadership through strategic franchising and continuous innovation. This news hub provides investors with essential updates on corporate developments, financial performance, and operational milestones.
Key resources include: Quarterly earnings releases, partnership announcements, leadership changes, and market expansion updates. Track regulatory filings, menu innovations, and sustainability initiatives that shape McDonald's global strategy.
Our curated collection features official press releases alongside analyzed financial developments. Stay informed about royalty fee structures, franchise network growth, and consumer trend adaptations in the quick-service restaurant sector.
Bookmark this page for real-time updates on MCD's operational decisions and their market implications. Combine these insights with fundamental analysis tools for comprehensive investment research.
Condado Tacos has announced Derrick Pratt as the new CEO, effective July 1, 2024. Pratt, with nearly 40 years of experience in the restaurant industry, previously served as COO at Portillo's (PTLO) and held significant roles at Starbucks (SBUX) and McDonald's (MCD).
Under Pratt's leadership at Portillo's, he drove key technology initiatives and led the company through a successful IPO in 2021. Condado Tacos, which has doubled its locations in the past three years, aims to leverage Pratt's expertise for its next growth phase.
Pratt is expected to focus on strategic expansion, operational processes, and people development at Condado Tacos, aligning with the company's vision and culture. Condado Tacos currently operates 50 locations across 10 states.
On May 22, 2024, McDonald's Board of Directors announced a quarterly cash dividend of $1.67 per share of common stock.
This dividend will be payable on June 17, 2024, to shareholders who are recorded by the close of business on June 3, 2024.
For further updates, including future investor conferences and earnings calls, stakeholders are encouraged to visit McDonald's Investor Relations website.
McDonald's reported positive first-quarter 2024 results with global comparable sales up by 1.9%, marking 13 consecutive quarters of growth. Consolidated revenues exceeded $6 billion, a 5% increase over the previous year. Diluted earnings per share rose by 9% to $2.66. The company remains focused on leveraging competitive advantages for long-term growth.
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