McDonald’s Corporation MCD 0.33% shareholders have had very little to cheer about in the past year or so, but a new report by RBC Capital Markets analyst David Palmer explains why RBC believes that McDonald’s shareholders could soon be loving what they see from the fast food giant this summer.
Return To Value
McDonald’s recently launched a national value campaign called “Summer Lovin’,” and RBC thinks that the initiative will be a big hit for the company. According to the report, similar local campaigns centered on the New York City metro area have been successful for McDonald’s, and RBC believes that improving the menu’s value is the best way for McDonald’s to turn around slumping sales numbers in the near-term.
According to the report, easing away from the Dollar Menu in 2012 allowed room for competitors such as Restaurant Brands International Inc QSR 0.12%’s Burger King to swoop in and take share in the space with promotions such as its recent $1.49 10-piece nugget or “2 for $5″ promotions.
July Is Critical
RBC believes…
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