A sign is posted outside a McDonald’s restaurant on April 28, 2022 in San Leandro, California.
Justin Sullivan | Getty Images
MC Donalds The company is expected to report its fourth-quarter results before the market close on Tuesday.
Here’s what analysts polled by Refinitiv expect the company to report:
- Earnings per share: $2.45 expected
- Revenue: $5.69 billion expected
The Chicago-based fast food company is recognized as a frontrunner for the broader restaurant industry and overall consumer spending trends. This time, it’s also reporting its earnings ahead of the pack and setting expectations for what other publicly traded restaurant chains will report for the quarter.
Analysts generally expect strong demand for McDonald’s in the US and greater resilience in Europe than previously thought. However, the main focus will be on the company’s expectations for 2023.
Executives have previously discussed how macroeconomic challenges like inflation and interest rate hikes have weighed on the company. So far, the fast-food giant has met these attempts with relative ease as consumers have switched from full-service restaurants to its Big Macs and McNuggets.
Wall Street is forecasting 6.5% earnings growth and 3.8% revenue growth in 2023.
McDonald’s shares are up 5.8% over the past 12 months, giving the company a market value of $209 billion.
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