McDonald's earnings beat, but traffic to chain's U.S. restaurants falls
Wall Street analysts surveyed by LSEG anticipate earnings per share of $3.38 and revenue of $7.29 billion.
Quick Look
- McDonald's will report third-quarter earnings on Wednesday, with Wall Street expecting $3.38 per share on $7.29 billion in revenue.
- Analysts anticipate a 0.5% decline in U.S. same-store sales following previous execution challenges and leadership changes.
AI-generated summary
Why It Matters
Last quarter, McDonald's U.S. business fell short due to uneven execution of value offers and menu launches.
McDonald's is expected to report its third-quarter earnings before the bell on Wednesday.
Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:
Earnings per share: $3.38 expected
Revenue: $7.29 billion expected
Last quarter, McDonald's CEO Chris Kempczinski said the chain's U.S. business fell short, hurt by uneven execution of its value offers and complicated launches of new menu items. In response, the company tapped Skye Anderson as its new U.S. president.
Analysts are predicting an even worse third quarter for McDonald's home market. Wall Street is anticipating same-store sales declined 0.5%, according to StreetAccount estimates.
Investors will also be paying close attention to executive commentary about the fourth quarter so far. Chipotle Mexican Grill executives said last Wednesday that the restaurant industry saw traffic soften in October.
What to Watch
AI outlook — possibilities, not facts
McDonald's will report third-quarter earnings before the bell on Wednesday.
Very likely · Within days
Open Questions
- What will McDonald's actual Q3 earnings and revenue be?
- How will executive commentary shape fourth-quarter outlooks?
