The business
The world's largest quick-service restaurant chain by system sales. The model is overwhelmingly franchised, so McDonald's earns rent and royalties on its real estate and brand rather than operating most restaurants itself.
FINANCIAL OVERVIEW
What it is and why we own it.
Role in the portfolio
A defensive compounder: stable, high-margin franchise income and a long record of dividend growth.
What drives the numbers
- Global comparable sales
- Franchised margins
- Performance of value offers with price-sensitive consumers
- Dividend growth and payout ratio
Key risks
- Pressure on lower-income consumers
- Health and regulatory trends
- A balance sheet that carries meaningful debt
CHART
Price and technical analysis.
Charts and market data by TradingView
Technical summary
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Company profile
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FUNDAMENTALS
Financials, live.
Charts and market data by TradingView