At Extreme Investor Network, we pride ourselves on providing the most valuable and unique information in the world of business news. Today, we’re focusing on the highly anticipated second-quarter earnings report from McDonald’s.
Wall Street analysts surveyed by LSEG are expecting McDonald’s to report earnings per share of $3.07 and revenue of $6.61 billion. The fast-food giant’s stock has seen a 15% decline year to date, as concerns about consumer spending and the restaurant industry continue to weigh on investors.
Executives at McDonald’s have been proactive in trying to combat these challenges, rolling out value meals and promotions to attract customers. In the U.S., the chain has been offering a $5 meal deal to drive new traffic, with plans to extend the promotion following its success. However, these discounts only came into effect towards the end of the second quarter, leading analysts to anticipate flat same-store sales in the U.S.
Internationally, McDonald’s is still facing challenges in regions like the Middle East, where sales have been impacted by boycotts. To address this, the company recently acquired the 225 restaurants operated by its Israeli franchisee at the beginning of the second quarter.
Stay tuned for the latest updates on McDonald’s earnings report and more exclusive insights from Extreme Investor Network. We’re committed to delivering the most relevant and valuable information to help you make informed investment decisions.