McDonald's is about to report earnings. Here's what to expect

Tayfun Coskun | Anadolu Agency | Getty ImagesConcerns about the economy and weight loss drugs have hit the stock.

McDonald's has reported strong demand in the U.S. and Europe as consumers trade down to fast food's cheap meals.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Shares of McDonald's have fallen 3% this year, dragging its market value down to $186 billion. But the stock has struggled even more recently, tumbling 14% in the past three months.

But Wall Street has high expectations for the fast-food giant's third quarter. Analysts are expecting the company to report same-store sales growth of 7.8%, according to StreetAccount estimates. McDonald's has reported strong demand in the U.S. and Europe as consumers trade down to fast food's cheap meals.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

McDonald's is about to report earnings. Here's what to expectShares of McDonald’s have fallen about 3% this year, dragging its market value down to $186 billion.
Source: NBCNewYork - 🏆 270. / 63 Read more »

McDonald's is about to report earnings. Here's what to expectShares of McDonald’s have fallen about 3% this year, dragging its market value down to $186 billion.
Source: nbcchicago - 🏆 545. / 51 Read more »