McDonald’s French fries
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McDonald’s First-quarter earnings are expected to be released before the market closes on Tuesday.
Here are the expectations of Wall Street analysts polled by London Stock Exchange Group (LSEG):
- Earnings per share: Estimated $2.72
- income: Expected to be US$6.16 billion
The fast-food giant reported disappointing fourth-quarter sales. A boycott came after its Israeli licensee offered discounts to soldiers, putting pressure on sales in the Middle East and some markets outside the region. The company also had to temporarily close some locations to keep employees safe from the protests.
Earlier this month, McDonald’s announced it would acquire 225 restaurants operated by its Israeli franchisees.
In the United States, lower-income customers of burger chains have cut back on their spending. Wall Street expects this trend to continue this quarter, with domestic same-store sales growing just 2.6%, according to StreetAccount estimates.
McDonald’s shares are down 7.7% so far this year, bringing its market value to $197 billion.
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