McDonald's reported a 4% revenue increase in Q2 but missed analyst expectations with U.S. comparable sales growth slowing to 0.80%, down from 2.50% last year. CEO Chris Kempczinski cited execution lapses and weaker promotions as reasons for the slowdown. Despite this, earnings per share rose 6%, helped by share buybacks and tax benefits, though operating margins were pressured by a 19% rise in administrative costs. Piper Sandler adjusted McDonald's price target to $286, indicating a cautious but positive outlook with a potential 6.98% upside from current prices.
McDonald's reported a slowdown in US comparable sales growth to 0.8% in the latest quarter, missing internal targets despite a 4% rise in global sales. The company attributed this to a strategic shift where it replaced popular digital deals with a ne...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
McDonald's reported weaker-than-expected US sales growth of 0.8% in Q2, below analyst estimates of 1.06%, citing poor execution of value promotions and reduced digital deals that led to fewer visits from loyal customers. CEO Chris Kempczinski acknowl...
McDonald's reported Q2 earnings per share of $3.32, meeting estimates and showing a 6% year-over-year increase, with net income rising 5% to $2.36 billion. Revenue grew 4% to $7.1 billion, in line with forecasts, though global comparable sales growth...
McDonald's is set to report its second-quarter earnings, with Wall Street expecting earnings per share of $3.32 and revenue of $7.13 billion. The company faces a challenging environment, including high gas prices affecting consumer budgets, and antic...
