McDonald's Corporation (MCD)
McDonald's Earnings Miss as Higher Prices Drive Sales, Foot Traffic Lower
McDonald's (MCD) second-quarter earnings fell short of analysts' estimates Monday as lower foot traffic drove comparable store sales down from last year's levels.
McDonald's (MCD) Q2 Earnings and Revenues Miss Estimates
McDonald's (MCD) came out with quarterly earnings of $2.97 per share, missing the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $3.17 per share a year ago.
McDonald's reports first drop in sales since 2020 as customers to pull back spending
McDonald's CEO Chris Kempczinski told investors on the earnings call on Monday that consumers were "more discriminating with their spend."
McDonald's posts weak quarterly results as higher fast food prices hurt demand
Persistent inflation has caused consumers to shift to affordable food options at home, leading chains like McDonald's and others to launch several meal deals to boost customer traffic.
McDonald's holds firm despite Q2 earnings miss
Shares in McDonald's Corp (NYSE:MCD, ETR:MDO) held firm in premarket trading despite the food giant reporting disappointing second-quarter earnings, with revenue, earnings, and same-store sales missing Wall Street expectations. The company's revenue for the quarter was $6.49 billion, up around 2% from the previous year but below the $6.63 billion estimate.
McDonald's posts surprise drop in quarterly global sales as spending slows
McDonald's reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting for cheaper meals at home.
McDonald's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
McDonald's Corporation MCD will release its second-quarter financial results, before the opening bell on Monday, July 29.
McDonald's is about to report earnings. Here's what to expect
McDonald's will report second-quarter earnings Monday, with its shares off 15% year to date. The burger chain's executives have warned the company is fighting for a smaller pool of customers.
McDonald's Earnings Are Coming. The Impact of the Value Meal Wars Won't Be Felt—Yet.
Investors should focus on the company's financial guidance for the rest of the year to gauge the impact of the new value meal deals on earnings.
Fast-food chains battle for low-income diners with summer value meals
A slew of fast-food chains, from McDonald's to Taco Bell, have $5 meal deals to try to win back customers. Runaway menu prices have scared away low-income consumers, and discounts may be the only way to get them back.
What You Need To Know Ahead of McDonald's Earnings
UPDATE—July 26, 2024: This article has been updated to reflect more recent share price information.
Not Lovin' It: McDonald's Stock Faces Bearish Headwinds Ahead Of Q2 Earnings
McDonald's Corp MCD will be reporting its second-quarter earnings on Monday. Wall Street expects $3.09 in EPS and $6.6 billion in revenues as the company reports before market hours.
