Citable filing context

MCD filing events and research context

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MCD's research view summarizes recent SEC filing context, starting with other from May 22, 2026.

MCD filing events and research context
FiledItemContext
May 22, 2026otherMcDonald's reported final voting results from its 2026 Annual Shareholders' Meeting on May 20, 2026.
May 7, 2026earningsMcDonald's reported Q1 2026 diluted EPS of $2.78, up 7%, and global comparable sales up 3.8%.
Apr 2, 2026management_changeBoard appointed James D. Farley, Jr. to Audit & Finance and Corporate Responsibility Committees.
Dec 6, 2023Guidance: active_loyalty_usersnot reported to not reported
Dec 6, 2023Guidance: capital_expendituresnot reported to not reported
Dec 6, 2023Guidance: capital_expenditures_increase300.00 to 500.00
May 7, 2026mda_quarterlyMcDonald's engaged in significant capital management activities during the quarter ended March 31, 2026. The company repurchased 1,252,468 shares of common stock at an average price of $314.18 per share. These buybacks were part of a $15.0 billion share repurchase program, approved in November 2024 and effective from January 1, 2025, with no expiration. As of the quarter's end, approximately $12.59 billion remained authorized for future repurchases under this program, indicating a continued commitment to returning capital to shareholders and managing equity. Additionally, several key executives adopted Rule 10b5-1 trading plans during the quarter. Ian Borden, EVP and Global CFO, established a plan on February 19, 2026, to exercise and sell 27,028 stock options by March 7, 2027. Manu Steijart, EVP and President of International Operated Markets, adopted a plan on February 20, 2026, to exercise and sell 10,253 stock options by June 30, 2026. Desiree Ralls-Morrison, EVP and Global Chief Legal Officer, initiated a plan on February 26, 2026, for the sale of 19,655 shares, including exercised stock options, by December 31, 2026. These plans, adopted during an open trading window, provide transparency regarding future insider stock transactions.
Feb 24, 2026businessMcDonald’s operates a heavily franchised business model, with franchised locations representing approximately 95% of its 45,356 global restaurants at year-end 2025. Under its "Accelerating the Arches" growth strategy, the company targets 50,000 global units by the end of 2027, expecting approximately 2,100 net additions in 2026 and a sequential capital expenditure increase of $300 million to $500 million in 2027. In 2025, total revenues increased 4% to $26.89 billion, driven by a 5% increase in franchised revenues to $16.55 billion, which offset a 1% decline in Company-owned restaurant sales to $9.69 billion. Global comparable sales rose 3.1%, led by a 4.6% increase in International Developmental Licensed Markets and 3.2% in International Operated Markets, while the U.S. grew 2.1%. Net income rose 4% to $8.56 billion, and diluted EPS reached $11.95, despite $229 million in restructuring charges from the "Accelerating the Organization" initiative. Company-owned margins faced ongoing inflationary pressures, particularly in the U.S. McDonald's generated $10.6 billion in operating cash flow, returned $7.1 billion to shareholders, and achieved an 84% free cash flow conversion rate and a 20.3% return on invested capital (ROIC) in 2025. The company ended 2025 with $40.0 billion in debt.

Source: SEC EDGAR filing text and events; period May 22, 2026; filed May 22, 2026.

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