In this articleMCDFollow your favorite stocksCREATE FREE ACCOUNTMcDonald’s french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald’s is expected to report its first-quarter earnings before the bell on Tuesday.Here’s what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: $2.72 expectedRevenue: $6.16 billion expectedThe fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee offered discounts for soldiers pressured sales in the Middle East and some markets outside of the region. The company has also had to shutter some locations temporarily to ensure employees’ safety from protests.Earlier this month, McDonald’s announced it would buy the 225 restaurants run by its Israeli franchisee.In the U.S., the burger chain has seen low-income customers pull back their spending. Wall Street is expecting the trend to continue this quarter, predicting domestic same-store sales growth of just 2.6%, according to StreetAccount estimates.McDonald’s shares have fallen 7.7% year to date, dragging its market value down to $197 billion.Don’t miss these exclusives from CNBC PROMonday’s biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Shopify, Super Micro Computer and moreHere’s where to invest $1 million right now, according to the prosDividend stocks are poised to outperform, says Bank of America. Here are names on its listBuy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley saysEarnings playbook: Your guide to the busiest week of the season, including Apple and Amazon …
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[mwai_chat context=”Let’s have a discussion about this article:nnIn this articleMCDFollow your favorite stocksCREATE FREE ACCOUNTMcDonald’s french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald’s is expected to report its first-quarter earnings before the bell on Tuesday.Here’s what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: $2.72 expectedRevenue: $6.16 billion expectedThe fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee offered discounts for soldiers pressured sales in the Middle East and some markets outside of the region. The company has also had to shutter some locations temporarily to ensure employees’ safety from protests.Earlier this month, McDonald’s announced it would buy the 225 restaurants run by its Israeli franchisee.In the U.S., the burger chain has seen low-income customers pull back their spending. Wall Street is expecting the trend to continue this quarter, predicting domestic same-store sales growth of just 2.6%, according to StreetAccount estimates.McDonald’s shares have fallen 7.7% year to date, dragging its market value down to $197 billion.Don’t miss these exclusives from CNBC PROMonday’s biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Shopify, Super Micro Computer and moreHere’s where to invest $1 million right now, according to the prosDividend stocks are poised to outperform, says Bank of America. Here are names on its listBuy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley saysEarnings playbook: Your guide to the busiest week of the season, including Apple and Amazon …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
