On October 23, 2024, at McDonald’s Restaurant in Omaha, Nebraska.
Mario Tama | Getty Images
McDonald’s It plans to report its fourth-quarter earnings on Monday’s bell.
This is a Wall Street analyst surveyed by LSEG, expecting the company to report:
- Earnings per share: Estimated $2.83
- income: Estimated to be $6.44 billion
This fast food restaurant has a tough quarter. because Its value meal And permanently added the chicken giant in early October.
But a few weeks after the quarter, the Centers for Disease Control and Prevention linked the deadly E. coli outbreak to its quarter-pound burger. McDonald’s switched suppliers’ onions, the ingredient could be the culprit of the outbreak. In early December, the CDC The outbreak was officially over.
However, in the days after the outbreak, Traffic volume at McDonald’s American Restaurant Steep, especially in affected states. The customer has been slowly coming back. Analysts expect the company’s U.S. same-store sales to fall 0.6% in the quarter, according to StreetAccount’s estimates.
Overall McDonald’s sales are expected to fall by 1%, which will be the third quarter of the same-store sales of the burger chain.
McDonald’s shares have grown just 2% over the past year, increasing their market cap to about $21.1 billion.
