A McDonald’s restaurant sign in Strettor, Illinois, US, on October 15, 2022.
Beata Zorzel | Norfoto | Getty Images
McDonald’s It is due to report third-quarter earnings before the bell on Thursday.
Here’s what Wall Street analysts expect in a Refinitiv poll:
- Earnings per share: $2.58
- he won: 5.69 billion dollars
In the first half of 2022, the fast food giant saw a slowdown in spending from lower-income consumers, and that trend is likely to continue this quarter. Analysts polled by StreetAccount expect same-store sales to grow 5.8%, buoyed largely by higher list prices.
Same-store sales in the US are expected to rise 4%, according to StreetAccount estimates. McDonald’s tends to value offerings to attract customers whose budgets are under inflationary pressures. A burger chain may also attract sales from diners who trade from fast or full-service restaurants.
Investors will also turn their eyes to the international market segment operated by McDonald’s. The IOM division includes European markets such as France, Germany and the United Kingdom, all of which have been hit hard by rising energy costs. In addition, a strong US dollar means painful conversation rates for McDonald’s sales, hitting markets with company-owned restaurants.
McDonald’s shares are down 4% this year, bringing the company’s market capitalization down to nearly $200 billion. But it has outperformed the broader market. The Standard & Poor’s 500 It has fallen by 19% in the same period.
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