April 3, 2023 at a McDonald’s restaurant in Belmont, California.
Teyfan Coskun | Anadolu Agency | Getty Images
mcdonalds is expected to report third-quarter results before the bell on Monday.
Here’s what Wall Street analysts surveyed by LSEG (formerly Refinitiv) are predicting.
- Earnings per share: $3 (estimated)
- Revenue: $6.58 billion (estimated)
McDonald’s stock has fallen 3% this year, dropping its market value to $186 billion. But recently, the stock has slumped even further, dropping 14% in the past three months. Broader economic concerns such as high interest rates and exchange rates, as well as long-term concerns about weight loss drugs such as Wigovy, have hurt the stock.
But Wall Street has high hopes for the fast-food giant’s third quarter. Analysts expect the company’s same-store sales to rise 7.8%, according to Street Account estimates. McDonald’s reports strong demand in the U.S. and Europe as consumers turn to cheaper fast-food meals.
The company plans to hold an investor update on Dec. 6 in Chicago.
