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MCD – Market expectations are for record-high Uniform ROA, and management is confident about their mobile app, demand, and cost savings

February 21, 2018

    • McDonald’s Corporation (MCD:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 29.9x Uniform P/E, implying bullish expectations for the firm. Moreover, management is confident about their mobile app, demand, and cost savings
    • Specifically, management is confident in their team’s work in ending 2017 with 20,000 restaurants around the world offering mobile order and pay, and in their flagship Chicago restaurant blending modern design and their latest technology. Additionally, they are confident in their clean label McNuggets, and in the high take-up in markets like the U.K., Australia, and, increasingly, Canada. Furthermore, they are confident in their Signature range, and in their development of target savings of $500mn in G&A from their base of $2.6bn at the beginning of 2015

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