McDonald’s (MCD) Q1 2024 earnings
McDonald’s french fries
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McDonald’s is predicted to report its first-quarter earnings earlier than the bell on Tuesday.
This is what Wall Road analysts surveyed by LSEG expect:
- Earnings per share: $2.72 anticipated
- Income: $6.16 billion anticipated
The fast-food large reported disappointing fourth-quarter gross sales. Boycotts after its Israeli licensee provided reductions for troopers pressured sales in the Middle East and a few markets outdoors of the area. The corporate has additionally needed to shutter some places quickly to make sure staff’ security from protests.
Earlier this month, McDonald’s introduced it could buy the 225 restaurants run by its Israeli franchisee.
Within the U.S., the burger chain has seen low-income clients pull again their spending. Wall Road is anticipating the pattern to proceed this quarter, predicting home same-store gross sales development of simply 2.6%, in line with StreetAccount estimates.
McDonald’s shares have fallen 7.7% yr to this point, dragging its market worth all the way down to $197 billion.
