A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023.
Tayfun Coskun | Anadolu Agency | Getty Images
McDonald’s is anticipated to report its third-quarter earnings before the bell Monday.
Here’s what Wall Street analysts surveyed by LSEG, formerly referred to as Refinitiv, predict:
- Earnings per share: $3, expected
- Revenue: $6.58 billion, expected
Shares of McDonald’s have fallen 3% this yr, dragging its market value all the way down to $186 billion. However the stock has struggled much more recently, tumbling 14% prior to now three months. Broader economic worries, equivalent to high rates of interest and currency exchange rates, and long-term concerns about weight reduction drugs equivalent to Wegovy, have hit the stock.
But Wall Street has high expectations for the fast-food giant’s third quarter. Analysts predict the corporate to report same-store sales growth of seven.8%, based on StreetAccount estimates. McDonald’s has reported strong demand within the U.S. and Europe as consumers trade all the way down to fast food’s low cost meals.
The corporate can be scheduled to carry an investor update in Chicago on Dec. 6.