McDonald's will release its third quarter financial report before US stock market opens on Wednesday.
McDonald's is expected to announce its third-quarter financial report before the opening of the US stock market on Wednesday. According to analysts on Wall Street surveyed by LSEG, the expected data for the company's financial report are earnings per share of $3.33 and revenue of $7.1 billion. This fast food giant, often seen as a "barometer of consumer financial health," has issued warnings for over a year, noting that spending by low-income diners is decreasing. However, Wall Street expects that McDonald's will achieve growth in same-store sales for the second consecutive quarter, indicating that its "value strategy" is winning over consumer favor.
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