The McDonald’s (MCD) logo can be found in Los Angeles, California.
Lucy Nicholson | Reuters
McDonald’s It plans to report first quarter revenues before Thursday’s bell.
Here’s what Wall Street analysts investigated by LSEG are hoping the company will report:
Earnings per share: expectedRevenue of $2.66: expected to be $6.09 billion
The fast food giant, often considered a consumer pioneer, has seen rocky sales in recent quarters, especially at home markets.
Analysts hope that the second quarter of McDonald’s same store sales will drop as the October E. coli outbreak and the weight of more cautious consumers is on demand.
In February, CFO Ianboden said he expected the first quarter to be a low point for McDonald’s store sales. Since then, the trade dispute promoted by President Donald Trump’s tariffs could further harm McDonald’s sales, as the year’s start has weakly started in the US.
McDonald’s already said he plans to lean towards valuable meals and buzzy menu items like the snack wrap revival to bring diners back to restaurants this year.
McDonald’s shares rose 15% this year, increasing its market value by nearly $26 billion.
This story is developing. Please check for updates.
