On July 22, 2024, a McDonald’s restaurant in Burbank, California.
Mario Tama | Getty Images
McDonald’s It is expected to release second-quarter earnings before the market closes on Monday.
Here’s what Wall Street analysts surveyed by London Stock Exchange Group (LSEG) expected from the company’s report:
- Earnings per share: Estimated $3.07
- income: Estimated US$6.61 billion
The burger chain’s shares are down 15% so far this year as investors worry about consumer spending and the health of the restaurant industry.
McDonald’s executives warn restaurants are competing for fewer customers, many of whom have been Introducing value-for-money meals to steal market share. In the U.S., McDonald’s introduced $5 meal deals last month to attract new traffic; on Monday, the company Tell its American system It plans to expand promotions.
But those discounts only began at the end of the chain’s second quarter. Wall Street expects the company’s U.S. same-store sales to be flat during the period, according to StreetAccount estimates. A year ago, McDonald’s domestic Same-store sales increase 10.3%, thanks to the viral promotion of the mascot Grimace.
Outside the U.S., McDonald’s sales in the Middle East may still be down due to the boycott. At the beginning of the second quarter, the company Bought 225 restaurants Operated by its Israeli franchisees.
