Business

McDonald’s is about to report earnings. Here’s what to expect

In this article

A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California.
Justin Sullivan | Getty Images

McDonald’s is expected to report its fourth-quarter earnings before the bell Tuesday.

Here’s what analysts surveyed by Refinitiv are expecting the company to report:

  • Earnings per share: $2.45 expected
  • Revenue: $5.69 billion expected

The Chicago-based fast food company is considered a bellwether for the broader restaurant industry and general consumer spending trends. This time around, it’s also reporting its earnings ahead of the pack, setting expectations for what other publicly traded restaurant chains will report for the quarter.

Analysts are generally expecting strong demand for McDonald’s in the U.S. and more resilience in Europe than previously anticipated. But the primary focus will be on the company’s expectations for 2023.

Executives have previously discussed how macroeconomic challenges such as inflation and interest rate hikes have put pressure on the business. So far, the fast-food giant has navigated those trials with relative ease as consumers have traded down to its Big Macs and McNuggets from full-service restaurants.

Wall Street is forecasting earnings growth of 6.5% and revenue growth of 3.8% in 2023.

Shares of McDonald’s have risen 5.8% in the last 12 months, giving it a market value of $209 billion.

Products You May Like

Articles You May Like

‘Creditable’: The Key In Medicare Drug Coverage
Adding features, such as an outdoor TV or pizza oven, can help sell your home for over $10,000 more, research finds
Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant
Cocoa prices hit $10,000 per metric ton for the first time ever
China’s economy is on track for ‘strong’ March performance, survey says

Leave a Reply

Your email address will not be published. Required fields are marked *