In a press release dated October 27th McDonald’s Corporation (MCD) reported on Q3 of 2021 ending September 30th.
The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS)
|
3rd Quarter Ending September 30th
|
2021
|
2020
|
Difference (%)
|
|
Sales:
|
$6,201,300
|
$5,418,100
|
+14.5
|
|
Gross profit company units:
|
$490,000
|
$510,100
|
-3.9
|
|
Operating income:
|
$2,986,500
|
$2,526,400
|
+18.2
|
|
Pre-tax Income
Net Income
|
$2,691,400
$2,149,900
|
$2,217,100
$1,762,600
|
+21.4
+22.6
|
|
Diluted earnings per share:
|
$2.86
|
$2.35
|
+21.7
|
|
Gross Margin company units (%)
|
18.9
|
22.3
|
-15.2
|
|
Operating Margin (%)
|
48.2
|
46.6
|
+3.4
|
|
Profit Margin (%)
|
34.7
|
32.5
|
+6.8
|
|
Long-term Debt and leases Dec. 31st ‘20/’19:
|
$49,572,100
|
$47,536,500
|
+10.8
|
|
12 Months Trailing:
|
|
|
|
|
Return on Assets (%)
|
11.1
|
|
|
|
Return on Equity (%)
|
N/A
|
|
|
|
Operating Margin (%)
|
41.7
|
|
|
|
Profit Margin (%)
|
31.7
|
|
|
|
Total Assets Dec. 31st ‘20/’19:
|
$52,626,800
|
$47,510,800
|
+4.2
|
|
Market Capitalization
|
$180,442,000
|
|
|
52-Week Range in Share Price: $202.73 to $249.95 50-day Moving average $242.39
Market Close pre-release 26th Oct. $236.38. Market open post-release 27th Oct. $243.31
Forward P/E 24.5 Beta 0.6
Comparable same-store sales:
System-wide 12.7%; U.S. 9.6%; International (Average) 13.2%
MacDonald’s operates 39,676 units both franchised and company-owned with 13,448 in the U.S.
In commenting on aspects of the McDonalds SGE policy Chris Kempczinski, CEO stated, “We believe we have both a privilege and a responsibility to help lead on issues that matter most in communities — and there is no issue more globally important and locally impactful than protecting our planet for generations to come. This is why I continue to remain optimistic about what lies ahead for McDonald’s. Accelerating the Arches — fortified by our purpose and guided by our values — makes me confident not just in the future successes of our business, but also for the future of the communities that we serve”.
In providing guidance for FY 2021 management projected system-wide growth in the “high teens”; Operating margin in the “low 40s; Capital expenditure $2.3 Billion.