McDonald's Earnings Preview: Analysts Expect $3.32 EPS and $7.13 Billion Revenue
McDonald's is set to report its second-quarter earnings on Tuesday, providing insight into the fast-food giant's performance during a challenging period. According to Wall Street analysts surveyed by LSEG, McDonald's is expected to post earnings per share of $3.32 and revenue of $7.13 billion.
The company has been facing tough comparisons with last year's sales growth, which was boosted by the release of a popular tie-in meal with the 'Minecraft' movie. Wall Street projects that McDonald's will report same-store sales growth of 1.3%, but the company itself had anticipated weaker sales growth due to these comparisons.
McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion. The company is often viewed as a consumer bellwether, helping investors gauge overall sentiment and spending.