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McDonald's is about to report earnings. Here's what to expect
CNBC • • general
Key Points:
- McDonald's is set to report its third-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $3.38 and revenue of $7.29 billion.
- The company's U.S. business faced challenges last quarter due to inconsistent execution of value offers and complex new menu launches, leading to the appointment of Skye Anderson as the new U.S. president.
- Wall Street analysts predict a 0.5% decline in same-store sales in McDonald's key U.S. market for the third quarter.
- Investors will closely watch McDonald's executive commentary on fourth-quarter performance amid reports of softer restaurant traffic in October from competitors like Chipotle Mexican Grill.
