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Fly News Breaks for November 19, 2019
MCD
Nov 19, 2019 | 09:36 EDT
Cleveland Research said its checks indicate that U.S. comps for McDonald's look to have slowed so far in November due to weather and "underwhelming" promotions. The firm lowered its Q4 US comp growth forecast to 4.5%, which compares to a 4.7% consensus forecast.
News For MCD From the Last 2 Days
MCD
Mar 27, 2024 | 06:19 EDT
Citi analyst Jon Tower raised the firm's price target on Krispy Kreme (DNUT) to $19 from $14 and keeps a Neutral rating on the shares. The company's "long-awaited" McDonald's (MCD) partnership came in better than expected, with Krispy Kreme set to see its products sold at most U.S. locations by 2027 versus earlier discussions of a couple thousand stores, the analyst tells investors in a research note. The firm estimates this partnership alone could add $400M in revenue and $85M in EBITDA after full rollout. While execution risk remains, the news is "clearly a positive" for Krispy Kreme and investors, providing greater sales visibility for a brand that's been struggling with GLP-1 headlines and softer spend from lower-income consumers, says Citi.