Stock Groups

McDonald’s (MCD) Q3 2021 earnings

[ad_1]

At a McDonald’s restaurant in Muehlheim am Main Germany on 22 April 2015, there was a huge portion of French fries, Big Mac burgers and large-sized Cokes on a tray.

picture alliance | picture alliance | Getty Images

McDonald’sExpected to release its third quarter results prior to the bell Wednesday

Refinitiv surveyed Wall Street analysts and found that they are anticipating the following:

  • Earnings per share: $2.46 expected
  • Expected revenue: $6.04 Billion

The fast-food company reported an increase in U.S. sales of same-stores of 14.9% over the past quarter. This was due to the popularity of the new chicken sandwich, and meal promotions with BTS.

Analysts expect domestic same-store sales growth slowing this quarter. While the launch of McDonald’s’ loyalty program nationwide likely helped sales, McDonald’s celebrity-themed meal promos such as Saweetie’s McDonald’s did not drive as many customers to their restaurants. StreetAccount predicts 8.3% growth in U.S. sales at the same store.

McDonalds’ recovery outside of the United States has been slower. Although sales were affected by the lockdowns that occurred in Australia, it is likely that McDonald’s international markets have seen better results from eased restrictions and fewer temporary closings.

Investors will also monitor how McDonald’s responds to issues that have impacted the entire restaurant industry such as higher food costs, labor difficulties, and the Delta variant. Sales were particularly affected by staff shortages. Domino’s PizzaAnd Restaurant Brands International’sPopeyes.

McDonald’s expects systemwide growth of around 10% for the entire year.

This year’s 11% increase in shares has given the company a market capitalization of $184 million.

[ad_2]