The burger chain's executives have warned the company is fighting for a smaller pool of customers.Sign up for our free Olympics Headlines newsletter.
The burger chain's stock has fallen 15% year to date, fueled by investor concerns about the health of both consumer spending and the restaurant industry. McDonald's executives have warned that restaurants are fighting for a smaller pool of customers, and many of them have beento steal market share. In the U.S., McDonald's has been running a $5 meal deal for the last month to drive new traffic; on Monday, the companyBut those discounts only kicked in at the tail end of the chain's second quarter. Wall Street is expecting the company to report flat U.S. same-store sales for the period, according to StreetAccount estimates.
Outside the U.S., McDonald's is likely to be still seeing slumping sales in the Middle East related to boycotts. At the start of the second quarter, the companyMorgan Stanley is pounding the table for these stocks, including Apple, ahead of earnings