Here's what to expect from McDonald's earnings

McDonald's said its U.S. same-store sales shrank 12% during the first two months of the quarter.The company will require face coverings inside all of its U.S. locations, starting Aug. 1.

Customers sit at McDonald's outdoor seating in Union Square as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 7, 2020 in New York City.is expected to report its second-quarter results before the bell on Tuesday.Earnings per share: 74 cents expectedDuring the first two months of the quarter, the company said its U.S. same-store sales shrank 12% and global same-store sales plunged 29.

Even McDonald's is overvalued with a Price-to-Earnings ratio over 26.

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