McDonald’s (MCD) Q3 2021 earnings

A huge part of French fries, a vintage Massive Mac burger and a huge sized coke are on display on a tray at a branch restaurant of rapidly food items chain McDonald’s in Muehlheim am Key, Germany, 22 April 2015.

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McDonald’s is anticipated to report its 3rd-quarter results in advance of the bell Wednesday.

Here’s what Wall Road analysts surveyed by Refinitiv are expecting:

  • Earnings for each share: $2.46 predicted
  • Profits: $6.04 billion envisioned

Very last quarter, the rapid-foods big documented soaring U.S. identical-keep profits progress of 14.9% on a two-calendar year basis, fueled by the achievements of its new chicken sandwich and a meal promotion with K-pop group BTS.

This quarter, analysts are expecting domestic similar-retail store sales development to sluggish considerably. The nationwide launch of the chain’s loyalty method possible boosted sales, but McDonald’s food with rapper Saweetie didn’t drive as quite a few orders as other celebrity food promotions. StreetAccount is forecasting U.S. exact same-shop product sales advancement of 8.3%.

Exterior of the United States, McDonald’s restoration has been bumpier. Lockdowns in critical marketplaces like Australia have harm revenue, but easing restrictions and much less short term closures most likely served its global segments this quarter.

Traders will also be viewing to see how McDonald’s is weathering problems hitting the broader restaurant business, like labor problems, greater meals expenditures and the delta variant. Staffing shortages in distinct weighed on sales for Domino’s Pizza and Cafe Makes International’s Popeyes.

McDonald’s is anticipating systemwide product sales advancement in the mid-to-large teens for the complete yr.

Shares of the burger chain have risen 11% this calendar year, giving it a industry worth of $184 billion.

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