McDonald’s (MCD) Q3 2023 earnings

McDonald’s (MCD) Q3 2023 earnings
A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023.

Tayfun Coskun | Anadolu Company | Getty Pictures

McDonald’s is anticipated to report its third-quarter earnings earlier than the bell Monday.

This is what Wall Road analysts surveyed by LSEG, previously generally known as Refinitiv, expect:

  • Earnings per share: $3, anticipated
  • Income: $6.58 billion, anticipated

Shares of McDonald’s have fallen 3% this 12 months, dragging its market worth all the way down to $186 billion. However the inventory has struggled much more just lately, tumbling 14% previously three months. Broader financial worries, similar to excessive rates of interest and foreign money alternate charges, and long-term issues about weight reduction medication similar to Wegovy, have hit the inventory.

However Wall Road has excessive expectations for the fast-food large’s third quarter. Analysts expect the corporate to report same-store gross sales development of seven.8%, in line with StreetAccount estimates. McDonald’s has reported robust demand within the U.S. and Europe as customers commerce all the way down to quick meals’s low cost meals.

The corporate can also be scheduled to carry an investor replace in Chicago on Dec. 6.

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