Jim Cramer: Wendy's Is the Real Winner From Breakfast, Not McDonald's

Katherine Ross

Are you lovin' it?

McDonald's reported earnings before the bell Thursday, April 30.

The company posted earnings for the three months ending in March of $1.47 per share, down 14.5% from the same period last year, and 10 cents shy of the Street consensus forecast. 

Revenues, however, rose modestly, to $5.02 billion and topped analysts' estimates even as comparable-store sales fell 3.4% amid 'dramatic changes' in consumer behavior due to the COVID-19 pandemic.

"Following our strong performance in 2019, McDonald's began 2020 with exceptional global momentum, and our January and February sales were reflective of that trend. Since then, the global crisis caused by the COVID-19 pandemic has significantly disrupted our business, and we continue to operate in a very challenging and unpredictable environment," said CEO Chris Kempczinski. "McDonald's has seen a lot over our 65 years and I'm confident that the actions we're taking will enable us to emerge from this crisis in a position of competitive strength."

Watch the full video above for Jim Cramer's full take.

Want to know what Jim Cramer and his team at Action Alerts PLUS are thinking about the markets and the stocks they're watching? Sign up on Action Alerts PLUS for more.

Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show.

Watch More of the Latest Videos on TheStreet and Jim Cramer


Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.