McDonald’s is set to report third quarter results, with Wall Street expecting US same-store sales to grow by 2.2%. Global same-store sales are expected to rise 3.6%. Adjusted earnings per share are predicted to be $3.32 on revenue of $7.1 billion. The stock is up 3% this year. Analysts are optimistic about McDonald’s recent actions to win back consumers, including bringing back the Snack Wrap and lowering combo meal costs. CFO Ian Borden acknowledges consumer headwinds but reaffirms 2025 targets. Wall Street is hopeful for a turnaround in US sales and is keeping an eye on upcoming catalysts like the return of the Monopoly game and new drinks inspired by the CosMc beverage concept.
Read more at Yahoo Finance: McDonald’s to report third quarter earnings as company looks to reaccelerate US sales growth amid value push
