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via finance.yahoo.comBusiness & Companies

McDonald's Q3 sales expected to slow amid tough consumer backdrop

FROM THE WIRE · FINANCE.YAHOO.COM

McDonald's (MCD) sales growth likely slowed in the third quarter as consumers faced a challenging economic backdrop and the fast food chain unveiled its growth strategy. Heading into McDonald's earnings, scheduled for release before the bell on Wednesday, Placer.ai found that…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralWeaker expected growth ahead of results is relevant for a large-cap stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consensus expects same-store sales up 1.4% year over year.
  2. 02In the US, a 0.5% comparable sales decline is expected.
  3. 03Revenue is expected at $7.4 billion and adjusted EPS at $3.67.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
McDonald's CorporationMCDStock263.04 USDMarket closedtoday -0.98%Negative Restaurant Brands International Inc.QSRStock74.31 USDMarket closedtoday -0.44%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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