McDonald’s $MCD stock is testing a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout on March 6, 2023. The RSI has crossed above the 50 line and is rising which is bullish.
Krispy Kreme confirms expanded market test with McDonald’s
On February 27, McDonald’s USA (MCD) announced an expanded market test with Krispy Kreme (DNUT). Source: https://www.sec.gov/Archives/edgar/data/1857154/000185715423000016/dnut22723form8-kexhibit9.htm
McDonald’s (MCD) is expanding its test with Krispy Kreme (DNUT) to more than 150 restaurants in Louisville and Lexington, Kentucky, CNBC’s Amelia Lucas reports. In October 2022, nine McDonald’s restaurants started selling Krispy Kreme doughnuts to test how the menu experiment affected their operations. Source: https://www.cnbc.com/2023/02/27/mcdonalds-krispy-kreme-test-expanded.html
Loop Capital checks suggest accelerating same-store sales at McDonalds
McDonald’s was given a Buy rating and a $328 price target by Loop Capital analyst Alton Stump on February 17, 2023, but he also increased his expectations for the company’s Q1 US comps growth to 7.5 percent from 5.5 percent and his FY23 estimate to 4.9 percent from 4.4 percent. According to the company’s most recent McDonald’s US franchisee checks, same-store salesThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... growth is once again off to a strong start in Q1.