The chain is likely to report a sales boost from its Grimace Birthday Meal.In an aerial view, a sign is posted in front of a McDonald's restaurant on April 03, 2023 in San Pablo, California.is expected to report its second-quarter earnings before the bell Thursday.Earnings per share: $2.79 expectedThe fast-food giant is often seen as a bellwether for the restaurant industry and the broader consumer environment, and investors have high expectations for its second quarter.
McDonald's is expected to report same-store sales growth of 9.2%, according to StreetAccount estimates.at the tail end of the quarter. The meal combo, which included a photo-friendly purple milkshake, went viral on social media, fueled by nostalgia for the McDonaldland character.for the burger chain. Last quarter, CEO Chris Kempczinski said some customers have pushed back on price increases. He also warned about potential recessions hitting the U.S. and Europe later this year.
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