April 30, 2024 12:24 GMT
McDonald's (Baa1, BBB+; S) {MCD US Equity} 1Q Results
CONSUMER STAPLES
1Q results look fine with little detail. Ample spread pickup outside MCD; on short-end into Tesco & Couche-Tard, in belly to Woolworths & further out into Tesco 31s.
- Constant currency sales at +1.9% (c2.3%) on weaker International Markets driven by continuing impacts in Middle east. EBIT +8% at $2.74b (c$2.8b).
- Earnings call at 1:30pm London; https://mcdonalds.webcasts.com/viewer/event.jsp?ei...
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