The McDonald’s logo is seen in Los Angeles, California.
Lucy Nicholson | Reuters
McDonald’s is expected to report third-quarter results before the bell on Wednesday.
Here’s what Wall Street analysts surveyed by LSEG expect the company to report:
- Earnings per share: $3.33 expected
- Revenue: $7.1 billion expected
The fast-food giant, often seen as a bellwether of consumers’ financial health, has spent more than a year sounding the alarm about declining spending among low-income diners. But Wall Street expects McDonald’s to report same-store sales growth for the second straight quarter, showing its value strategy is winning over customers.
At the start of the third quarter, McDonald’s Snack Wraps returned to menus for the first time in nine years. And in September, the chain brought back Extra Value Meals, which it last promoted before the Covid-19 pandemic.
Analysts expect McDonald’s to report global same-store sales growth of 3.5%, according to StreetAccount estimates. Wall Street expects the burger chain’s international markets to outperform those in the United States, where same-store sales are expected to grow 1.9%.
McDonald’s stock is up just 3% this year as investor concerns about the restaurant industry and the broader economy have weighed on shares. The company has a market capitalization of over $212 billion.