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McDonald’s (MCD) Q3 2021 earnings

A big portion of French fries, a traditional Huge 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 Major, Germany, 22 April 2015.

image alliance | image alliance | Getty Pictures

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

This is what Wall Road analysts surveyed by Refinitiv predict:

  • Earnings per share: $2.46 anticipated
  • Income: $6.04 billion anticipated

Final quarter, the fast-food large 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 possible boosted gross sales, however McDonald’s meal with rapper Saweetie did not drive as many orders as different movie star meal promotions. StreetAccount is forecasting U.S. same-store gross sales development of 8.3%.

Exterior of the US, McDonald’s restoration has been bumpier. Lockdowns in key markets like Australia have damage gross sales, however easing restrictions and fewer non permanent closures possible helped its worldwide segments this quarter.

Buyers can even be watching to see how McDonald’s is weathering points hitting the broader restaurant business, like labor challenges, greater meals prices and the delta variant. Staffing shortages particularly weighed on gross sales for Domino’s Pizza and Restaurant Manufacturers Worldwide’s Popeyes.

McDonald’s is anticipating systemwide gross sales development within the mid-to-high teenagers for the complete yr.

Shares of the burger chain have risen 11% this yr, giving it a market worth of $184 billion.

Written by News Desk

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