One-on-One With McDonald's CEO James Skinner
McDonald’s is the “best run major international company in the world,” Cramer told viewers on Monday. “It’s the one you should be buying.”
As bullish as the Mad Money host may be on Darden Restaurants and Brinker International, it is McDonald’s that he’s most excited about. MCD beat the Street’s consensus earnings estimates today by 4 cents per share; operating income climbed 11%. December same-store sales grew by 6%, with January, management said, keeping pace. So recession or not, this company’s performing well.
And not just in its traditional businesses. Dunkin’ Donuts and Starbucks are under pressure as McDonald’s coffee grows in popularity – and that’s with only 30% of MCD’s U.S. store base selling java. The remaining franchises should be brewing pots of Joe by mid-year, and then the company will focus on smoothies and other specialty beverages.
If the restaurant business is the Darwinian contest Cramer said it is, then Mickey D’s is at the top of the food chain. But don’t take just his word for it. Watch the video for an insider’s perspective from the CEO, as Cramer goes one-on-one with James Skinner.
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