McDonald's slips as investors eye sales growth in quarterly report
MCD•McDonald's shares fell about 1% ahead of its quarterly report due Wednesday before markets open; analysts expect adjusted earnings per share of $3.38 and revenue of about $7.3 billion.
1. Earnings expectations
McDonald's shares fell about 1% to $262.90 ahead of its quarterly earnings report, due before markets open on Wednesday. Analysts expect adjusted earnings per share to rise 5% to $3.38 and revenue to increase about 3% to roughly $7.3 billion.
2. Sales pressures
The company warned in September that customer traffic in key markets would likely remain flat while inflation stayed elevated, and it missed U.S. sales growth expectations in the second quarter as consumers cut back on restaurant spending.
