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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 second-quarter earnings before the bell on Tuesday.
Here’s what Wall Street analysts surveyed by Refinitiv are expecting:
- Earnings per share: $2.47 expected
- Revenue: $5.81 billion expected
Last quarter, McDonald’s was one of the few fast-food chains to warn that it was seeing some low-income consumers trade down to cheaper meals. Investors will be watching to see if the trend worsens, particularly in the company’s home market. Wall Street is expecting U.S. same-store sales growth of 2.8%, according to StreetAccount estimates.
The…
Source cnbc.com
