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McDonald’s reports sales down 22% in March
Posted on 4/8/20 at 8:19 am
Posted on 4/8/20 at 8:19 am
Unfortunately, this will just be the beginning of these types of reports, and possibly worse. Still think we retest the lows, anyone disagree?
LINK
LINK
This post was edited on 4/8/20 at 8:22 am
13
Posted on 4/8/20 at 8:20 am to HouDat
I still think we can hit 18-19k
We are going to be in the weeds a while
We are going to be in the weeds a while
Posted on 4/8/20 at 8:22 am to HouDat
could have been alot worse, stock price will shake that off.
Posted on 4/8/20 at 8:24 am to HouDat
April will be worse
Posted on 4/8/20 at 8:24 am to HouDat
I think we will eventually make lower lows. Exactly when is anybody’s guess.
But I do know the sooner you guys capitulate and accept this current rally, the sooner we can get on with this bear market.
But I do know the sooner you guys capitulate and accept this current rally, the sooner we can get on with this bear market.
Posted on 4/8/20 at 8:30 am to HouDat
I disagree, DIS shrugged off their report yesterday and the stock was up.
The market right now is just looking for transparency and clarity of what these companies are expecting. The previous drop in the market essentially priced in a drop of revenue that was way more than what is now coming to light.
What would make us go back and retest the lows however is if the government starts to miss the timing on these stimulus checks and we don’t re-open after this month. Then shite could get bad bc folks will be going broke.
The market right now is just looking for transparency and clarity of what these companies are expecting. The previous drop in the market essentially priced in a drop of revenue that was way more than what is now coming to light.
What would make us go back and retest the lows however is if the government starts to miss the timing on these stimulus checks and we don’t re-open after this month. Then shite could get bad bc folks will be going broke.
Posted on 4/8/20 at 8:40 am to HouDat
quote:I'm very surprised that is all McD's sales were down in March. I thought their sales would be down 30-40%.
McDonald’s reports sales down 22% in March
MCD is up a few pennies this morning. That tells me the sales decline was already reflected in the price.
Posted on 4/8/20 at 8:41 am to HouDat
McD's is a company best prepared for this situation with their drive through business. If they are down 22%, imagine the pain of normal restaurants.
Posted on 4/8/20 at 8:49 am to Shepherd88
quote:
The previous drop in the market essentially priced in a drop of revenue that was way more than what is now coming to light.
How do you know this? Earnings estimates are all over the place right now, and nobody really knows how long they will be depressed.
Company earnings and global GDP will be down for multiple quarters.
quote:
we don’t re-open after this month. Then shite could get bad bc folks will be going broke.
IMO this is inevitable. Turning the economy back on won't be like a light switch. Even when the quarantine is lifted, it's going to take time for things to get back to normal. China is not nearly back to normal as much as they try to say they are.
Posted on 4/8/20 at 8:50 am to LSURussian
Most states didn't go into a full lockdown until about halfway thru March. April should be more telling.
Posted on 4/8/20 at 8:53 am to HouDat
theres probably gonna be some "if every ones doing bad, no ones doing bad" kinda stuff going on.
stock x reports bad sales, who do you sell off and buy instead?
some companies are going to be doing well but as a whole, very few will be. keeping liquid isn't that great of an idea either with fed pumping the market up and I think most people agree the market is going to recoil very quick once it finally does recoil.
might explain why "bad news" is having less of an impact than we expect
stock x reports bad sales, who do you sell off and buy instead?
some companies are going to be doing well but as a whole, very few will be. keeping liquid isn't that great of an idea either with fed pumping the market up and I think most people agree the market is going to recoil very quick once it finally does recoil.
might explain why "bad news" is having less of an impact than we expect
Posted on 4/8/20 at 8:54 am to rintintin
quote:
IMO this is inevitable. Turning the economy back on won't be like a light switch. Even when the quarantine is lifted, it's going to take time for things to get back to normal. China is not nearly back to normal as much as they try to say they are.
Agree - it won't be just flip the switch and everything returns back to normal. I don't think this has been fully priced into the market.
Posted on 4/8/20 at 9:02 am to HouDat
Meanwhile I bet grocery stores are at 20-30% above average revenue for March.
Posted on 4/8/20 at 9:15 am to HouDat
Probably not bad for McDonalds. Some will have a lot worse, 50% or greater.
Posted on 4/8/20 at 9:30 am to HouDat
You don't think investers knew this?
Posted on 4/8/20 at 9:51 am to Barrister
quote:
You don't think investers knew this?
Well I'm sure they weren't expecting sales to be up 20-40%
... The point is when does the cumulative effect of reports like this start dragging the market down.
This post was edited on 4/8/20 at 9:52 am
Posted on 4/8/20 at 10:05 am to HouDat
Only down 22% that's really good considering the situation.
Posted on 4/8/20 at 10:25 am to Mudminnow
quote:I agree, and it must also be understood their expenses will be down too. It's possible their net profit could even be neutral.
Only down 22% that's really good considering the situation.
Posted on 4/8/20 at 12:35 pm to HouDat
I am close with some McD franchisees and also supply materials for vendors to Home Depot, Lowes and Walmart. All of these companies have been on reduced operating hours which obviously effects revenue along with the revenue hit associated with the current environment.
Posted on 4/8/20 at 11:02 pm to MrJimBeam
lol at all the downvotes
fkn pssies
fkn pssies
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