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
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Facebook shares rise as investors focus on earnings beat and buyback over revenue miss and outlookFacebook CEO Mark Zuckerberg has responded to recently leaked documents & reports about the company: 'My view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company.' ZuCk KiLLs GOATs 'iNJuStiCe aNYwHeRe iSa tHReAt tO JuStiCe eVeRYwHeRe' MLKJ READ & Take Action; Terminate Obstruction oF Justice REAL Revolution RussellRope 🐐📰💣 donie Okay Mark, we trust you. Not. DeleteFacebook donie Facebook mission statement: We harvest as much user data as possible regardless of the contents being shared. Our algorithms push more sharing of contents to all users. We don’t pull down false content per First Amend. We then sell the data to ad brokers to generate revenues.
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What GM and Ford investors should know ahead of third-quarter earningsBoth General Motors and Ford Motor are expected to report solid third-quarter earnings Wednesday despite an ongoing global disruption of supply chains.
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