McDonald's reported strong first quarter 2009 results driven by a 4.3% increase in global comparable sales despite having one less trading day. Operating income increased 5% in constant currencies. Earnings per share grew 7% to $0.87, including a $0.04 gain from the sale of Redbox. The company returned $1.4 billion to shareholders through share repurchases and dividends. McDonald's CEO said the underlying business remains strong and momentum has continued into April with comparable sales trending as strong or better in all areas of the world.
CAPITAL MARKETS
Capital markets’ operating revenue totalled US$132bn in 9m16, 5% below the prior-year period. FICC rates and credit outperformed in 3Q16; primary fees and Equities trading revenue declined vs 3Q15; and FICC prop trading jumped 13% as traders capitalised on market volatility. Banks demonstrated strong cost control: 9m16 operating pre-tax profit fell only 2% y/y. At end-9m16, FICC and Equities front-office headcount was 6% and 5% below 9m15, respectively.
Three recent developments are net positive for banks. Regulators in Europe and Japan are siding with banks and are threatening ‘mutiny’ over 'Basel 4'; the industry claims that proposed revisions would hit some regions (Europe) more than others (USA), and regional regulators are very supportive. In the USA, the President-elect Trump seems determined to repel portions of Dodd-Frank. Finally, rumours emerged that some US banks are considering a legal challenge to aspects of the Fed's annual stress tests; even a mention of a legal challenge is extraordinary.
COMMERCIAL/TRANSACTION BANKING
Commercial banking in the USA benefitted from the improvement in net interest margins and an increase in lending activity. This trend was repeated in most major economies across the globe with the mid-cap/SME segment outperforming the large-cap/MNC.
In treasury services, a 6% y/y decline in trade finance activity, caused by weaker trade flows along APAC trade corridors, depressed revenues. This was, however, more than offset by improved payments flows and liquidity management.
WEALTH MANAGEMENT
APAC continues to produce great challenges, but also long-term opportunities. Banks - Credit Suisse and UBS in particular - continue their heavy investment in the region, but compliance concerns are causing some to shed low-yielding clients. In October, Deutsche Bank's former Head of APAC wealth management Ravi Raju, the key architect of the bank's wealth management operation in the region, left to join UBS.
Lending volumes continued to grow, driven by clients' demand for relatively cheap financing.
Investment management and brokerage 3Q16 revenue declined versus the prior-year period, due to client's cautious investment behaviour. As volatility returns to the markets, investment revenues may well recover.
CAPITAL MARKETS
Capital markets’ operating revenue totalled US$132bn in 9m16, 5% below the prior-year period. FICC rates and credit outperformed in 3Q16; primary fees and Equities trading revenue declined vs 3Q15; and FICC prop trading jumped 13% as traders capitalised on market volatility. Banks demonstrated strong cost control: 9m16 operating pre-tax profit fell only 2% y/y. At end-9m16, FICC and Equities front-office headcount was 6% and 5% below 9m15, respectively.
Three recent developments are net positive for banks. Regulators in Europe and Japan are siding with banks and are threatening ‘mutiny’ over 'Basel 4'; the industry claims that proposed revisions would hit some regions (Europe) more than others (USA), and regional regulators are very supportive. In the USA, the President-elect Trump seems determined to repel portions of Dodd-Frank. Finally, rumours emerged that some US banks are considering a legal challenge to aspects of the Fed's annual stress tests; even a mention of a legal challenge is extraordinary.
COMMERCIAL/TRANSACTION BANKING
Commercial banking in the USA benefitted from the improvement in net interest margins and an increase in lending activity. This trend was repeated in most major economies across the globe with the mid-cap/SME segment outperforming the large-cap/MNC.
In treasury services, a 6% y/y decline in trade finance activity, caused by weaker trade flows along APAC trade corridors, depressed revenues. This was, however, more than offset by improved payments flows and liquidity management.
WEALTH MANAGEMENT
APAC continues to produce great challenges, but also long-term opportunities. Banks - Credit Suisse and UBS in particular - continue their heavy investment in the region, but compliance concerns are causing some to shed low-yielding clients. In October, Deutsche Bank's former Head of APAC wealth management Ravi Raju, the key architect of the bank's wealth management operation in the region, left to join UBS.
Lending volumes continued to grow, driven by clients' demand for relatively cheap financing.
Investment management and brokerage 3Q16 revenue declined versus the prior-year period, due to client's cautious investment behaviour. As volatility returns to the markets, investment revenues may well recover.
Our growth strategy is on track.
"The fundamental strength of our business, which is underpinned by contracted revenues and geographical diversity, together with the proven industry experience of our management team and the expertise and commitment of our staff, have ensured that once again we have delivered a solid performance, despite the challenging conditions that we continue to experience in our European market. This illustrates the resilience of our business model.
Our growth strategy is on track. Organic growth will continue apace through the expansion of services and geographies and we have a clearly defined path to continue our acquisitive growth in a highly fragmented global business aviation services sector. Our strategic goal is to double the scale of the business over the next two years."
Marwan Khalek, Chief Executive.
This presentation contains forward-looking statements, including our expectations for revenue, adjusted EBITDA and capital expenditures in 2016 and our ability to deliver growth from our high-performance, hybridized Internet infrastructure services.
This complete presentation has PPT slides on wide range of topics highlighting the core areas of your business needs. It has professionally designed templates with relevant visuals and subject driven content. This presentation deck has total of fourty five slides. Get access to the customizable templates. Our designers have created editable templates for your convenience. You can edit the colour, text and font size as per your need. You can add or delete the content if required. You are just a click to away to have this ready-made presentation. Click the download button now. https://bit.ly/3goZGY8
Money projection is an important business tool for every business, the forecast will tell you whether your business has enough cash or not. Use our Money Projection PowerPoint Presentation Slides to forecast and record cash flow. This earning projection PowerPoint complete deck contains set of slides like retail store revenue projections, revenue forecast model, monthly revenue projection, income statement projection, revenue projection per share, earning sales forecast product wise, revenue projections by active users, etc. Effective financial management helps you to anticipate and prepare for future highs and lows. Monetary projection Presentation graphics helps you track income and expenses. Additionally, users can use cash flow forecast PowerPoint template to represent topics like financial planning, revenue forecasting, sales revenue forecast and plan, forecasting income statement, revenue management strategy and many more. Download revenue projections PPT slides to monitor the financial performance of your business. Be clinical with our Money Projection Powerpoint Presentation Slides. Give every aspect close attention.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
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Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Globalization of Nike
Nike Manufacturing Process
Rubber Materials Nike
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Genuine Leather Nike
Synthetic Leather Nike
Cotton in Nike Apparel
Nike Shops Worldwide
Nike Manufacturing Countries
Cold Cement Assembly Nike
3D Printing Nike Shoes
Nike Product Development
Nike Marketing Strategies
Nike Customer Feedback
Nike Distribution Centers
Automation in Nike Manufacturing
Nike Consumer Direct Acceleration
Nike Logistics and Transport
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
Q1 2009 Earning Report of Mcdonalds Corp
1. Global Comparable Sales Drive McDonald's First Quarter 2009 Results
OAK BROOK, Ill., April 22 /PRNewswire-FirstCall/ -- McDonald's Corporation today
announced solid operating results for the first quarter ended March 31, 2009, driven by
strong global comparable sales.
McDonald's reported the following first quarter highlights:
-- Global comparable sales increase of 4.3% despite one less trading day
in the quarter due to 2008 being a leap year
-- U.S. up 4.7%
-- Europe up 3.2%
-- Asia/Pacific, Middle East and Africa up 5.5%
-- Combined operating margin increased 150 basis points (80 basis points
in constant currencies) to 27.6%
-- Earnings per share were $0.87, up 7% (17% in constant currencies),
including a $0.04 per share gain from the sale of the Company's
minority interest in Redbox Automated Retail, LLC and $0.08 per share
of negative impact from foreign currency translation
-- Returned nearly $1.4 billion to shareholders through share
repurchases
and dividends
quot;McDonald's continues to deliver a relevant restaurant experience that provides consumers
with a broad range of quality menu choices, affordable prices and unmatched convenience,quot;
said Chief Executive Officer Jim Skinner. quot;Our underlying business performance remains
strong. In constant currencies, first quarter results reflect higher revenues, operating
income and earnings per share over the prior year.quot;
McDonald's U.S. posted a first quarter operating income increase of 6% fueled by strong
comparable sales. The U.S. business continues to gain market share as consumers visit
McDonald's more often for the classic taste of core products like the Quarter Pounder,
convenient locations and operating hours, and compelling value across the menu. Increased
sales of chicken, breakfast and beverages contributed to results.
Led by the U.K., France and Russia, Europe delivered solid first quarter comparable sales
despite the shift in timing of Easter-related school and business holidays from March 2008
to April 2009. McDonald's continues to gain market share as tiered-pricing menus, seasonal
food events and day-part expansion in the morning and late night hours connect with
customers. Europe's first quarter operating income increased 1% in constant currencies.
Europe's locally relevant strategies continue to drive performance and the segment is
expected to strengthen as the year progresses.
Asia/Pacific, Middle East and Africa (APMEA) reported strong first quarter comparable sales
driven by performance in Australia and Japan, partly offset by weaker sales in China. In
constant currencies, APMEA's first quarter operating income was up a strong 11%, driven by
everyday affordability, menu choice and convenience.
Jim Skinner added, quot;McDonald's continues to demonstrate its ongoing commitment to
driving shareholder value. Through first quarter 2009, the Company returned $12.9 billion
toward the $15 billion to $17 billion targeted cash return to shareholders by the end of
2009. Given our strong balance sheet and operating performance, we fully expect to meet
the target this year.quot;
Jim Skinner concluded, quot;McDonald's business remains strong, despite the economic
concerns around the world. Our well-known value proposition and unparalleled convenience
continue to resonate with customers. In fact, the momentum has continued with April
comparable sales trending at least as strong or better than first quarter sales in every area
of the world. I remain confident that we have the right strategies in place to grow the
2. business and provide value into the future.quot;
KEY HIGHLIGHTS - CONSOLIDATED
Dollars in millions, except per share data
-------------------------------------------------------------------------
%Inc
Excluding
%Inc/ Currency
Quarters ended March 31, 2009 2008 (Dec) Translation
-------------------------------------------------------------------------
Revenues $5,077.4 $5,614.8 (10) 2
Operating income 1,400.4 1,462.8 (4) 5
Net income 979.5 946.1 4 13
Earnings per share-diluted* 0.87 0.81 7 17
-------------------------------------------------------------------------
* 2009 results included a $0.04 per share after tax gain on the sale of
the Company's minority interest in Redbox Automated Retail, LLC and a
negative impact of $0.08 per share due to the effect of foreign currency
translation.
THE FOLLOWING DEFINITIONS APPLY TO THESE TERMS AS USED THROUGHOUT THIS
RELEASE
Comparable sales represent sales at all restaurants and comparable guest counts represent
the number of transactions at all restaurants, including those operated by the Company or
by franchisees, in operation at least thirteen months including those temporarily closed.
Comparable sales exclude the impact of currency translation. Some of the reasons
restaurants may be temporarily closed include reimaging or remodeling, rebuilding, road
construction and natural disasters. Management reviews the increase or decrease in
comparable sales and comparable guest counts compared with the same period in the prior
year to assess business trends. The number of weekdays and weekend days, referred to as
the calendar shift/trading day adjustment, can impact our comparable sales and guest
counts. In addition, the timing of holidays can also impact comparable sales and guest
counts.
Information in constant currency is calculated by translating current year results at prior
year average exchange rates. Management reviews and analyzes business results excluding
the effect of foreign currency translation and bases certain incentive compensation plans on
these results because they believe this better represents the Company's underlying business
trends.
McDONALD'S CORPORATION
CONDENSED CONSOLIDATED STATEMENT OF INCOME
-------------------------------------------------------------------------
Dollars and shares in millions, except per share data Inc /(Dec)
-------------------------------------------------------------------------
Quarters ended March 31, 2009 2008 $ %
-------------------------------------------------------------------------
Revenues
Sales by Company-operated
restaurants $3,484.7 $3,998.8 (514.1)
(13)
Revenues from franchised
restaurants 1,592.7 1,616.0 (23.3)
(1)
3. TOTAL REVENUES 5,077.4 5,614.8 (537.4)
(10)
Operating costs and expenses
Company-operated restaurant
expenses 2,920.5 3,339.6 (419.1)
(13)
Franchised restaurants--
occupancy expenses 296.7 299.8 (3.1)
(1)
Selling, general &
administrative expenses 497.3 552.4 (55.1)
(10)
Impairment and other
charges, net 1.2 0.5 0.7 n/m
Other operating (income)
expense, net (38.7) (40.3) 1.6 4
Total operating costs
and expenses 3,677.0 4,152.0 (475.0)
(11)
OPERATING INCOME 1,400.4 1,462.8 (62.4)
(4)
Interest expense 120.9 128.5 (7.6)
(6)
Nonoperating (income)
expense, net (16.4) (28.9) 12.5 43
Gain on sale of investment (76.5) (76.5) n/m
Income before provision for
income taxes 1,372.4 1,363.2 9.2 1
Provision for income taxes 392.9 417.1 (24.2)
(6)
NET INCOME $ 979.5 $ 946.1 33.4 4
EARNINGS PER SHARE-DILUTED $ 0.87 $ 0.81 0.06 7
Weighted average shares
outstanding-diluted 1,124.4 1,165.3 (40.9)
(4)
-------------------------------------------------------------------------
-
n/m Not meaningful
SOURCE McDonald's Corporation
CONTACT:
Investors, Mary Kay Shaw, +1-630-623-7559,
or Media, Heidi Barker, +1-630-623-3791,
both of McDonald's
Web Site: http://www.mcdonalds.com
(MCD)
Print
McDonalds.com