In an aerial view, a sign is posted in front of a McDonald’s restaurant on April 03, 2023 in San Pablo, California.
Justin Sullivan | Getty Images
McDonald’s is expected to report its second-quarter earnings before the bell Thursday.
Here’s what Wall Street analysts surveyed by Refinitiv are expecting:
Earnings per share: $2.79 expectedRevenue: $6.27 billion expected
The 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.
The chain will likely report a sales boost from its Grimace Birthday Meal 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.
But McDonald’s executives have taken a more conservative outlook for the burger chain. Last quarter,…
2023-07-26 23:01:01
Post from www.cnbc.com
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