McDonald’s Fries
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McDonalds is expected to report its first-quarter results before the bell Tuesday.
Here’s what Wall Street analysts surveyed by LSEG expect:
- Earnings per share: $2.72 expected
- Income: $6.16 billion expected
The fast food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee offered soldiers discounts put pressure on sales in the Middle East and some markets outside the region. The company also had to temporarily close some sites to ensure the safety of employees in the face of protests.
Earlier this month, McDonald’s announced it would buy all 225 restaurants run by its Israeli franchisee.
In the United States, the burger chain has seen its low-income customers cut back on spending. Wall Street expects that trend to continue this quarter, forecasting domestic same-store sales growth of just 2.6%, according to StreetAccount estimates.
McDonald’s shares have fallen 7.7% since the start of the year, dropping their market value to $197 billion.
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