A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California.
Justin Sullivan | Getty Images
McDonald’s It is expected to report its fourth-quarter earnings on Tuesday before the bell.
Analysts polled by Refinitiv are expecting the report from the company:
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- Earnings per share: $2.45 expected
- Revenue: $5.69 billion expected
The Chicago-based fast food company is considered a bellwether for the broader restaurant industry and general consumer spending trends. This time, it’s also reporting its earnings ahead of the pack, setting the expectations for other publicly traded restaurant chains for the quarter.
Analysts are generally expecting stronger demand from McDonald’s in the US and greater flexibility than previously expected in Europe. But the primary focus will be on the company’s expectations for 2023.
officials have previously discussed How Macroeconomic Challenges For example, the increase in inflation and interest rate has put pressure on the business. So far, the fast-food giant has navigated those trials relatively easily as consumers trade in their Big Macs and McNuggets from full-service restaurants.
Wall Street is projecting earnings growth of 6.5% and revenue growth of 3.8% in 2023.
McDonald’s shares are up 5.8% over the past 12 months, giving it a market value of $209 billion.