economy
McDonald's is about to report earnings. Here's what to expect
McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
TL;DR
- McDonald's to report Q2 earnings before market open on Tuesday.
- Analysts anticipate earnings per share of $3.32 and revenue of $7.13 billion.
- McDonald's is considered a consumer bellwether, reflecting overall spending sentiment.
- Executives previously noted a "challenging environment" persisting.
- High gas prices are pressuring low-income consumers' budgets.
- Projected same-store sales growth is 1.3%.
- Company faces tough year-over-year comparisons.
- McDonald's stock has decreased by over 11% this year, with a market cap around $191 billion.