'McDonald\'s CEO Chris Kempczinski spoke with CNBC\'s Carl Quintanilla joins \'Squawk on the Street\' to discuss Pfizer\'s Covid-19 vaccine and if it affects the company\'s strategies. They also discuss the chicken competition. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi McDonald’s swift recovery from the coronavirus pandemic has prompted investors to ask how the fast-food giant plans to keep fueling sales growth. The company is scheduled to answer some of those questions on Monday. After it reports its third-quarter earnings, it will hold a virtual meeting with investors to discuss its strategic priorities. As it bounces back from the pandemic, McDonald’s U.S. same-store sales turned positive in its latest quarter, rising nearly 5%, according to an October release of its preliminary results. While transactions remain negative, customers are spending more on their orders. Its franchisees are very optimistic about their six-month business outlook and are feeling more confident about their relationship with the franchisor, based on Kalinowski Equity Research’s survey. The quarterly survey, which was published Oct. 23, asks a portion of U.S. franchisees about a range of topics, including quantifying their relationship with McDonald’s and their forecast for the business. The stock, which has a market value of $167 billion, has risen 9% so far this year, as of Friday’s close. But analysts have price targets as high as $260 per share, about $43 higher than it was trading on Friday. Investors will be looking for updates on how McDonald’s plans to capitalize on that momentum to drive its sales higher — or even turn traffic positive. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV'
Tags: breaking news , Money , stock market , World News , us news , stocks , cnbc , finance stock , news channel , news station , cable , cable news , finance news , money tips , financial news , stock market news , business news , Squawk on the Street
See also:
comments