Mickey D's Earnings
McDonald's reported earnings last Friday. Highlights include:
- Revenue growth in every region of operations around the world
- Earnings beat
- Commodity prices squeezing margins a bit.
- Continued success tailoring the menu to market demands.
Combine a good earnings report with last month's dividend hike and - presto - new all-time high on Friday. The stock did give a little of that back today.
Even at current above-market valuation, I believe MCD is one of the best dividend growth stocks out there.
Disclosure: Long MCD
Feel free to share your opinion here or at the article. Is MCD a good value or has it climbed into over-priced territory?