McDonald’s (MCD) Q2 2022 earnings

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An indication is posted in entrance of a McDonald’s restaurant on April 28, 2022 in San Leandro, California.

Justin Sullivan | Getty Pictures

McDonald’s is anticipated to report its second-quarter earnings earlier than the bell on Tuesday.

Here is what Wall Road analysts surveyed by Refinitiv expect:

  • Earnings per share: $2.47 anticipated
  • Income: $5.81 billion anticipated

Final quarter, McDonald’s was one of many few fast-food chains to warn that it was seeing some low-income customers commerce right down to cheaper meals. Buyers will probably be watching to see if the development worsens, significantly within the firm’s residence market. Wall Road is anticipating U.S. same-store gross sales development of two.8%, in response to StreetAccount estimates.

The corporate can be dealing with pushback at residence from lots of its U.S. franchisees over proposed adjustments to possession phrases and its grading system for operators. An awesome majority of franchisees surveyed by the Nationwide Homeowners Affiliation, an unbiased advocacy group for McDonald’s operators, backed a no-confidence vote in McDonald’s CEO Chris Kempczinski and Joe Erlinger, the corporate’s U.S. President .

Exterior the U.S., analysts are predicting robust gross sales development as many worldwide markets rebound from the pandemic. However the battle in Ukraine has led to considerations that Europe might face a slowdown as fuel and meals costs spike. McDonald’s stated final quarter that European client conduct hadn’t modified.

Nonetheless, the corporate has already confronted monetary fallout associated to the battle after quickly shuttering its Ukrainian eating places and selling off its Russian business to a Siberian franchisee. In Could, the corporate stated it expects to document a noncash cost of $1.2 billion to $1.4 billion associated to its web funding in Russia and overseas forex losses.

Shares of McDonald’s have fallen greater than 6% this yr, dragging its market worth right down to $185.2 billion.

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