McDonald's posts earnings miss as consumers tighten wallets

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Mcdonald's News

Analyst Expectations,Chris Kempczinski,Adjusted Earnings

McDonald's (MCD) reported second quarter results that fell short of analyst expectations on both the top and bottom lines. Adjusted earnings of $2.97 per...

on both the top and bottom lines. Adjusted earnings of $2.97 per share missed expectations of $3.07, and revenue was $6.49 billion versus an estimated $6.63 billion. Same-store sales was also a miss, -1.0% versus the expected +0.84%. In theThe MC Miss quarter pounder seller mcdonald's lays an egg versus street estimates for sales, same store sales and profits.Brooke, I know you've been on that call dissecting the numbers.

We're hearing from executives that they're working to earn back customers after raising prices in recent years due to those inflationary pressures and disrupting long running value programs. They're trying to get that low income consumer back in the door as they're really not even competing entirely with just fast food.I mean, look, that doesn't prevent me from pro unbiased reporting, but I love me a good Taco from Taco Bell.PARIS — Canada's Christa Deguchi defeated Serbia's Marica Perisic on Monday to advance to the Olympic women's judo semifinals in the under-57-kilogram category at Arena Champ-de-Mars.

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