Forecast Of The Day: McDonald’s Average Revenue Per Company Operated Restaurant
What?
McDonald’s (NYSE:MCD) Average Revenue Per Company Operated Restaurant in the U.S declined from $3.77 million in 2019 to about $3.65 million in 2020. However, we expect the metric to recover a bit to around $3.68 million in 2021 and to around $3.77 million in 2022.
Why?
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While the decline in 2020 was due to the Covid-19 pandemic, we expect sales to pick up going forward, driven by the ongoing economic recovery, new product introductions, and McDonald’s increasing push into delivery.
So What?
We don’t think the projected recovery is priced into MCD stock yet. We value McDonald’s at about $276 per share, marking a premium of 16% over the current market price.
See Our Complete Analysis For McDonald’s
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