McDonald’s (MCD) hit an all-time high today according to TwinsTalkStocks, 8 year old twins, Ashay Jorel & Devin Kalel.
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McDonald’s has beaten earnings estimates the past 4 quarters. It reports earnings on April 22nd – our birthday!
All-day breakfast has been a bonafide hit. It’s helped take market share from others in the QSR space. QSR means “quick service restaurant”
McDonald’s is testing in certain markets a more extensive breakfast menu. Depending on where you live, you can get a McMuffin sandwich or a biscuit sandwich. And the new breakfast bowls are only served during traditional breakfast hours.
A lot of people on the West Coast are eating an Egg McMuffin sandwich to go along with a burger for lunch or dinner. So instead of being a substitution for a sandwich, it’s become an add-on. This should help earnings.
And it’s working on a more robust mobile app to encourage loyalty and to reward frequent diners.
It’s dinnertime. We would order an Egg McMuffin sandwich, but we need to complete our collection of the Batman v Superman Happy Meal toys.
We predict McDonald’s will have another successful earnings when it reports on our 9th birthday, April 22nd.