Wednesday, February 28, 2024
HomeBusinessMcDonald's (MCD) Q3 2021 earnings

McDonald’s (MCD) Q3 2021 earnings


Related stories

Exploring the Connectivity of The Continuum In Singapore

Have you ever imagined stepping out of your house...

How Important Is a Savings Account for Students?

In the financial maturity process, the important component for...

Techberry Review: The Future of Financial Markets

The financial markets of today are more complex and...

Unlocking the Power of Tableau: Developer Certification and Training Insights

As we progress with technological advancements, proficiency with tools...

Is Carrie Underwood pregnant again? Know details

Is Carrie Underwood pregnant? If are you curious to...

A large portion of French fries, a classic Big Mac burger and a large sized coke are on display on a tray at a branch restaurant of fast food chain McDonald’s in Muehlheim am Main, Germany, 22 April 2015.

picture alliance | picture alliance | Getty Images

McDonald’s is expected to report its third-quarter results before the bell Wednesday.

Here’s what Wall Street analysts surveyed by Refinitiv are expecting:

  • Earnings per share: $2.46 expected
  • Revenue: $6.04 billion expected

Last quarter, the fast-food giant reported soaring U.S. same-store sales growth of 14.9% on a two-year basis, fueled by the success of its new chicken sandwich and a meal promotion with K-pop group BTS.

This quarter, analysts are expecting domestic same-store sales growth to slow somewhat. The nationwide launch of the chain’s loyalty program likely boosted sales, but McDonald’s meal with rapper Saweetie didn’t drive as many orders as other celebrity meal promotions. StreetAccount is forecasting U.S. same-store sales growth of 8.3%.

Outside of the United States, McDonald’s recovery has been bumpier. Lockdowns in key markets like Australia have hurt sales, but easing restrictions and fewer temporary closures likely helped its international segments this quarter.

Investors will also be watching to see how McDonald’s is weathering issues hitting the broader restaurant industry, like labor challenges, higher food costs and the delta variant. Staffing shortages in particular weighed on sales for Domino’s Pizza and Restaurant Brands International’s Popeyes.

McDonald’s is expecting systemwide sales growth in the mid-to-high teens for the full year.

Shares of the burger chain have risen 11% this year, giving it a market value of $184 billion.

See also  5 Steps on How to Fix Water Dripping from AC Vent

Source link

Bellie Brown
Bellie Brown
Hi my lovely readers, I am Bellie brown editor and writer of I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting

Latest stories