McDonald's cautions on Q1 revenue results, margins
McDonald's cautions that the stronger dollar and commodity costs will likely squeeze its first-quarter revenue results and margins.
By Agencies |
OAK BROOK, ILLINOIS: McDonald's cautions that the stronger dollar and commodity costs will likely squeeze its first-quarter revenue results and margins.
The fast-food chain anticipates quarterly sales to be off by at least $600 million and earnings to be hurt by 7 cents to 9 cents per share if foreign currency rates stay at current levels.
The results are also expected to include a 3 cents to 4 cents per-share gain from McDonald's sale of its minority stake in Redbox Automated Retail LLC. Redbox rents DVDs for $1 a night out of vending machines.
Oak Brook, Illinois-based McDonald's Corp. said global same-store sales climbed 1.4 percent in February, with U.S. sales up partly on its chicken offerings and core menu items.
The fast-food chain anticipates quarterly sales to be off by at least $600 million and earnings to be hurt by 7 cents to 9 cents per share if foreign currency rates stay at current levels.
The results are also expected to include a 3 cents to 4 cents per-share gain from McDonald's sale of its minority stake in Redbox Automated Retail LLC. Redbox rents DVDs for $1 a night out of vending machines.
Oak Brook, Illinois-based McDonald's Corp. said global same-store sales climbed 1.4 percent in February, with U.S. sales up partly on its chicken offerings and core menu items.
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