Individuals put on protecting face masks outdoors McDonald’s in Union Sq. as the town resumes Section four reopening following restrictions imposed in New York Metropolis on July 30, 2020 to sluggish the unfold of the coronavirus.
Noam Galai | Getty Photos
McDonald’s is anticipated to announce its third quarter outcomes earlier than the bell on Wednesday.
Wall Avenue analysts surveyed by Refinitiv count on the next:
- Earnings per share: $ 2.11 anticipated
- Income: $ 5.6 billion anticipated
The quick meals big has rallied shortly in its US enterprise, however its worldwide markets have taken longer to get better, which has been dragged down by new rounds of restrictions and bans. Final quarter, the corporate introduced that US gross sales in the identical retailer exceeded 2019 ranges, a development executives count on to return this quarter.
Selling the chain for “well-known orders” with BTS, the Ok-Pop supergroup, is anticipated to assist obtain this aim. McDonald’s started rolling out the promotion in practically 50 nations in late Could. Analysts additionally count on sturdy gross sales of the chain’s hen sandwich, which launched nationwide in February.
For all of 2021, the corporate expects system-wide income progress in mid-teens.
The corporate’s shares are up 14% this yr, for a market worth of $ 189 billion.