A big portion of French fries, a basic Big Mac burger and a big sized coke are on show on a tray at a department restaurant of quick meals chain McDonald’s in Muehlheim am Main, Germany, 22 April 2015.
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McDonald’s is predicted to report its third-quarter outcomes earlier than the bell Wednesday.
Here’s what Wall Street analysts surveyed by Refinitiv predict:
- Earnings per share: $2.46 anticipated
- Revenue: $6.04 billion anticipated
Last quarter, the fast-food big reported hovering U.S. same-store gross sales development of 14.9% on a two-year foundation, fueled by the success of its new hen sandwich and a meal promotion with Okay-pop group BTS.
This quarter, analysts predict home same-store gross sales development to gradual considerably. The nationwide launch of the chain’s loyalty program doubtless boosted gross sales, however McDonald’s meal with rapper Saweetie did not drive as many orders as different superstar meal promotions. StreetAccount is forecasting U.S. same-store gross sales development of 8.3%.
Outside of the United States, McDonald’s recovery has been bumpier. Lockdowns in key markets like Australia have harm gross sales, however easing restrictions and fewer short-term closures doubtless helped its worldwide segments this quarter.
Investors will even be watching to see how McDonald’s is weathering points hitting the broader restaurant trade, like labor challenges, greater meals prices and the delta variant. Staffing shortages particularly weighed on gross sales for Domino’s Pizza and Restaurant Brands International’s Popeyes.
McDonald’s is anticipating systemwide gross sales development within the mid-to-high teenagers for the total year.
Shares of the burger chain have risen 11% this year, giving it a market worth of $184 billion.