Down 14% YTD, What Lies Ahead For McDonald's Stock Following Q2 Earnings? [Forbes]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Forbes
(NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal second-quarter results on Monday, July 29. We expect MCD stock to likely trade higher with both revenues and earnings beating expectations marginally in Q2 results. MCD stock has declined from around $297 to $251 so far this year, largely underperforming the broader indices, with the S&P growing about 14% over the same period. In comparison, MCD's peer (NYSE: QSR) fell 12% to $69 during the same period. MCD's stock decline can be attributed to investors' concern about rising costs. Price increases have been a key part of the company's strategy and a way to offset inflation costs. But it may not be able to do that without impacting overall demand. On its Q1 conference call, the company signaled that consumers have begun to push back due to the continued menu price increases. McDonald's has a larger proportion of lower-income customers so pricing power could be an
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News
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- Is McDonald's a Must-Own Dividend Stock? [Yahoo! Finance]Yahoo! Finance
- McDonald's Co. (NYSE: MCD) had its price target raised by analysts at Tigress Financial from $355.00 to $360.00. They now have a "buy" rating on the stock.MarketBeat
MCD
Earnings
- 7/29/24 - Miss
MCD
Sec Filings
- 9/5/24 - Form 144
- 9/3/24 - Form 4
- 9/3/24 - Form 4
- MCD's page on the SEC website