A large portion of French fries, a classic Big Mac hamburger and a large coke are displayed on a tray at a branch of the McDonald’s fast food chain in Muehlheim am Main, Germany, 22 April 2015.
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McDonald’s is expected to release its third quarter results Wednesday before the bell.
Here’s what Wall Street analysts polled by Refinitiv are expecting:
- Earnings per share: $ 2.46 expected
- Revenue: $ 6.04 billion expected
In the last quarter, the fast food giant reported strong same-store sales growth in the United States of 14.9% over two years, fueled by the success of its new chicken sandwich and a meal promotion. with the K-pop group BTS.
This quarter, analysts expect national comparable store sales growth to slow somewhat. The nationwide launch of the chain’s loyalty program likely boosted sales, but McDonald’s meal with rapper Saweetie didn’t generate as many orders as other celebrity meal promotions. StreetAccount forecasts same-store sales growth in the United States of 8.3%.
McDonald’s recovery outside of the United States has been more bumpy. Lockdowns in key markets like Australia hurt sales, but easing restrictions and fewer temporary shutdowns likely helped its international segments this quarter.
Investors will also watch how McDonald’s overcomes issues plaguing the entire restaurant industry, such as labor issues, higher food costs and the delta variant. Staff shortages, in particular, weighed on sales of Popeyes of Domino’s Pizza and Restaurant Brands International.
McDonald’s expects system-wide sales growth among teens to average to high for the entire year.
The hamburger chain’s shares are up 11% this year, giving it a market value of $ 184 billion.