From CNBC:

McDonald’s is expected to report its fourth-quarter earnings on Monday, with Wall Street analysts anticipating $2.82 earnings per share and $6.45 billion in revenue. The fast-food giant’s 2023 started strong but was hit with lower same-store sales growth and decreased foot traffic during the third quarter, which is expected to continue in the fourth. CEO Chris Kempczinski cited the Israel-Hamas war and social media boycotts as sales factors.

Starbucks also faced Middle East-related boycotts, leading to a decline in U.S. traffic. For 2024, wall street analysts predicted that McDonald’s will earn $12.53 per share and generate $27.14 billion in revenue, despite a 12% stock increase over the last year.



Read more: McDonald’s (MCD) Q4 2023 earnings