A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023.
Tayfun Coskun | Anadolu Agency | Getty Images
McDonald’s is predicted to report its third-quarter earnings earlier than the bell Monday.
Here’s what Wall Street analysts surveyed by LSEG, previously referred to as Refinitiv, predict:
- Earnings per share: $3, anticipated
- Revenue: $6.58 billion, anticipated
Shares of McDonald’s have fallen 3% this 12 months, dragging its market worth right down to $186 billion. But the inventory has struggled much more just lately, tumbling 14% prior to now three months. Broader financial worries, comparable to excessive rates of interest and foreign money alternate charges, and long-term considerations about weight reduction medication comparable to Wegovy, have hit the inventory.
But Wall Street has excessive expectations for the fast-food large’s third quarter. Analysts predict the corporate to report same-store gross sales development of seven.8%, in accordance with StreetAccount estimates. McDonald’s has reported robust demand within the U.S. and Europe as customers commerce right down to quick meals’s low cost meals.
The firm can be scheduled to carry an investor replace in Chicago on Dec. 6.
