McDonalds franchisee checks see comps just ahead of consensus, says Loop Capital

Loop Capital keeps a Buy rating and $328 price target on McDonald’s while noting that the firm’s franchisee checks suggest that same-store sales growth was just ahead of consensus expectations in Q1. On a 3-year stacked basis, 7.5-8.0% growth equates to a gain of 24.6%-25.1%, which is an acceleration from McDonald’s reported 3-year stacks of 23.3% in Q4 of FY22, the analyst tells investors in a research note.