McDonald’s logo has been seen in Los Angeles, California.
Lucy Nicholson | Roots
McDonald’s It is expected to report its first quarter earnings before the bell on Thursday.
Here LSEG surveys wall street analysts expected to report to the company:
- Income per share: $ 2.66 expected
- Revenue: $ 6.09 billion expected
Fast-food giants, often considered a consumer Belweather, have seen rocky sales in recent quarters, especially in their domestic market.
Analysts are expected to decline in US similar-store sales for McDonald’s, in October. As the outbreak of coli is more alert consumer as a more vigilant consumer weighs on demand.
Back in February, CFO Ian Borden said he hoped that the first quarter would be a low point for the sale of the same-store of McDonald’s, since then due to the weak start of the year in the US, the business conflicts by President Donald Trump have expressed concern about the consumer spirit of recession and injury, which could lead to the sale of McDonald.
For its share, McDonald’s already stated that this value is planned to bend in food and buzzy menu items, such as the return of its snack raps, to bring back dinner to its restaurant this year.
McDonald’s shares have climbed 15% this year, causing its market price to about 26 billion dollars.
This story is developing. Please check back for updates.
