News Formal

McDonald’s earnings in focus as menu price hikes stall, testing margins

  • 📰 startelegram
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors will likely focus on McDonald's ability to maintain profit margins even as its slows the pace of menu price hikes amid easing inflation and a pullback in restaurant traffic.

shares moved higher in pre-market trading ahead of the world's biggest restaurant chain's third quarter earnings prior to the opening bell.

That dynamic could be changing course of the final months of the year and beyond, however, with easing inflation and a resilient economy providing wider choices for restaurant-goers beyond its 13,400 U.S. locations. Chief Financial Officer Ian Borden also told investors in July that menu prices would likely fall over the back half of the year, in-line with softer inflation prospects.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 248. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Futures Rise; Oil Prices FallMcDonald's earnings are in the limelight
Source: WSJ - 🏆 98. / 63 Read more »