McDonald's 5 dollar meal deal is popular and high price update

McDonald's Corporation (NYSE: MCD) traded at a high price in early Monday trading despite warning that global existing store sales grew negatively in the second quarter and that consumer discretion was increasing, particularly in the lower income group.

In terms of profit, McDonald's (MCD) had net profit in the second quarter$2 billion, down 12% from the same period last yearI reported that it had become.

Despite bleak updates on consumer spending trends, McDonald's (MCD)Maintain all elements of the 2024 outlookI did it. McDonald's, a major restaurant company, is in 2024Opened approximately 2,100 storesThen, the whole system'sContributes nearly 2% to sales growthI anticipate it. Taking store closures into account, a net increase of 1,600 stores is expected. McDonald's (MCD) also maintains capital investment guidance, and Bank of America estimates that the net restaurant growth rate until 2027 is still around 5%. However, as top-line growth slowed in particular, the company left McDonald's (MCD) ratings neutral from the view that opportunities for margin expansion due to the franchise model were limited.

McDonald's (MCD) executives expressed a positive view on the response of the $5 meal and stated in the earnings conference call that sales exceeded expectations. The company93% of restaurants have promised to extend their $5 meal dealIt was said.