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McDonald's Analysts Cut Their Forecasts After Downbeat Earnings
McDonald's Corp (NYSE:MCD) posted worse-than-expected second-quarter financial results on Monday.
McDonald's reported a second-quarter FY24 sales decline of 0.12% year-on-year to $6.490 billion, missing the analyst consensus of $6.608 billion. Adjusted EPS of $2.97 missed the analyst consensus estimate of $3.07, according to data from Benzinga Pro.
Global comparable sales decreased 1.0%, while U.S. comparable sales slipped 0.7%.
“We are confident that Accelerating the Arches is the right playbook for our business and as consumers are more discriminating with their spend, we are focused on the outstanding execution of delivering reliable, everyday value and accelerating strategic growth drivers like chicken and ...