E. Coli Outbreak Hangs Over McDonald's Results; CMG Flashes Entry

Blockhead10-28 23:50

McDonald's leads restaurant earnings this week, as the Dow Jones fast food chain contends with fallout after an E. coli outbreak. Chipotle Mexican Grill (CMG) releases results late Tuesday, followed ...

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Coli Outbreak Hangs Over McDonald's Results; CMG Flashes Entry\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-28 23:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/mcdonalds-earnings-e-coli-mcd-stock-chipotle-wingstop-shake-shack/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>McDonald's leads restaurant earnings this week, as the Dow Jones fast food chain contends with fallout after an E. coli outbreak. Chipotle Mexican Grill (CMG) releases results late Tuesday, followed ...</p>\n\n<a href=\"https://www.investors.com/news/mcdonalds-earnings-e-coli-mcd-stock-chipotle-wingstop-shake-shack/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","start_time":0,"source_url":"https://www.investors.com/news/mcdonalds-earnings-e-coli-mcd-stock-chipotle-wingstop-shake-shack/","article_id":"2479458454","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2022/09/Stock-mcdonalds-burgerfries-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479458454","pubTimestamp":1730130633,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"McDonald's reports earnings as the Dow Jones fast food giant deals with an E. coli outbreak. 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Chipotle Mexican Grill (CMG) releases results late Tuesday, followed by Shake Shack (SHAK) and Wingstop (WING) early Wednesday. CMG stock flashed a buy signal Monday, while SHAK stock jumped into a buy zone.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: Ways To Profit From Earnings Reports\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: Ways To Profit From Earnings Reports\n\n\n\n\nE. Coli Outbreak Hits McDonald's\nMCD stock tumbled last week after the Centers for Disease Control and Prevention and the Food and Drug Administration on Oct. 22 warned of an E. coli outbreak, linked to McDonald's Quarter Pounder hamburgers. The CDC was initially unsure if the E. coli outbreak stemmed from the onions or beef in the burgers. Meanwhile, Taylor Farms, the onion supplier for McDonald's, initiated a recall of its yellow onions. McDonald's also temporarily suspended Quarter Pounder sales in some affected states.\nThe fast food giant ruled out its beef patties as the source on Sunday. \"We remain very confident that any contaminated product related to this outbreak has been removed from our supply chain and is out of all McDonald's restaurants,\" Cesar Piña, chief supply chain officer for McDonald's North America said in the release.\nAs of Friday, the E. coli outbreak was linked to 75 illnesses across 13 states, with 22 hospitalizations and one death.\nFollowing the CDC announcement, JPMorgan and Morgan Stanley noted they don't expect the outbreak to cause much long-term damage. Morgan Stanley analysts on Oct. 23 wrote that the outbreak being contained to a single ingredient would be the \"best outcome\" for this type of scenario, and added that McDonald's \"usually had a good track record on food safety globally.\" JPMorgan said that it bought McDonald's on the sell-off, adding that the company's supply chain should be able to make quick fixes.\nMcDonald's isn't the first chain to face foodborne illness outbreaks. Chipotle Mexican Grill was hit with an E. coli outbreak in 2015 and temporarily shut down operations for food safety training. The company in 2020 agreed to pay a $25 million fine to resolve criminal charges that its adulterated food sickened more than 1,100 people in the U.S. from 2015 to 2018.\nWedbush last week said the comparisons to the Chipotle outbreak are \"misplaced,\" as McDonald's has the scale to respond and contain the issue far more quickly than Chipotle at the time.\nMcDonald's Earnings\nFactSet expects McDonald's (MCD) early Tuesday to report earnings of $3.21 per share adjusted, up 2 cents from last year, on 1.9% revenue growth to $6.82 billion.\nAnalysts see same-store sales declining 0.6%, following a 1% slide in Q2.\nMcDonald's earnings growth has slowed over the last four quarters, to a 6% decline for its Q2 report.\n\nMcDonald's stock carved 7.6% lower last week, ending the week back below its 50-day moving average.\nA 2% jump Monday put MCD stock back above that technical level.\nMcDonald's shares are flat on the year.\nChipotle\nChipotle earnings are expected to increase almost 9% to 25 cents per share on nearly 14% sales growth to $2.82 billion.\nFactSet predicts same-store sales increase 6.3%, up from the 5% increase last year.\n\nCMG stock is working up the right side of a 19-week consolidation, and remains about 14% below its high from June.\nChipotle stock popped nearly 3% Monday, to clear an early entry opportunity at 60.10 for a three-weeks-tight pattern within the base.\nCMG stock rallied nearly 34% in 2024.\nWingstop\nFactSet expects Wingstop to report a 39% increase in earnings to 96 cents per share. Analysts forecast a revenue gain of nearly 37%, to $160.2 million.\nWingstop's same store sales are expected to grow 11.4%, up from a 6% increase last year.\n\nWING stock has retreated from a late-September record high, and is testing support at its 200-day moving average.\nWingstop shares leapt almost 44% so far this year.\nShake Shack\nAnalysts forecast Shake Shack earnings increase 2 cents to 19 cents per share while revenue rises 14.5% to $316 million.\nSame-store sales are expected to rise 3.6%, accelerating from 2.3% growth last year.\n\nSHAK stock jumped 3% Monday.\nShake Shack shares are trading in a buy zone, above a 111.17 buy point for a cup-with-handle base.\nSHAK stock vaulted nearly 54% so far this year.\nYou can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison\nYOU MAY ALSO LIKE:\nBest Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy\nThe Nasdaq Is At Highs. These 5 Earnings Could Change Everything.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479458454"}