Wall Street analysts are forecasting McDonald's earned $2.46 per share on revenue of $6.04 billion during its third quarter.In this article
A large portion of French fries, a classic Big Mac burger and a large sized coke are on display on a tray at a branch restaurant of fast food chain McDonald's in Muehlheim am Main, Germany, 22 April 2015.is expected to report its third-quarter results before the bell Wednesday.Earnings per share: $2.46 expectedLast quarter, the fast-food giant reported soaring U.S. same-store sales growth of 14.
This quarter, analysts are expecting domestic same-store sales growth to slow somewhat. The nationwide launch of the chain's loyalty program likely boosted sales, but McDonald's meal with rapper Saweetie didn't drive as many orders as other celebrity meal promotions. StreetAccount is forecasting U.S. same-store sales growth of 8.3%.
Outside of the United States, McDonald's recovery has been bumpier. Lockdowns in key markets like Australia have hurt sales, but easing restrictions and fewer temporary closures likely helped its international segments this quarter. Investors will also be watching to see how McDonald's is weathering issues hitting the broader restaurant industry, like labor challenges, higher food costs and the delta variant. Staffing shortages in particular weighed on sales for
Pfizer Board Member very happy!!!
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