McDonald's Q2 earnings show concern over consumer spending with flat same-store sales domestically.

From CNBC: 2024-07-29 00:01:01

McDonald’s is set to report second-quarter earnings with analysts predicting $3.07 earnings per share and $6.61 billion in revenue. The stock has dropped 15% this year amid concerns about consumer spending in the restaurant industry. The U.S. has seen a $5 meal deal to attract customers, but second-quarter expectations for same-store sales are flat domestically. Sales in the Middle East are still suffering due to boycotts.



Read more at CNBC:: McDonald’s (MCD) Q2 2024 earnings