McDonald’s (MCD) fourth quarter 2022 results
A sign is displayed outside a McDonald’s restaurant on April 28, 2022 in San Leandro, California.
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McDonald’s is expected to release its fourth quarter results before the bell on Tuesday.
Here’s what analysts polled by Refinitiv expect from the company:
- Earnings per share: $2.45 expected
- Revenue: $5.69 billion expected
The Chicago-based fast food company is seen as an indicator of the broader restaurant industry and general consumer spending trends. This time around, it’s also reporting earnings ahead of the pack, setting expectations for what other publicly traded restaurant chains will report for the quarter.
Analysts generally expect strong demand for McDonald’s in the United States and greater resilience in Europe than expected. But the focus will be on the company’s expectations for 2023.
Executives have previously discussed how macroeconomic challenges such as inflation and interest rate hikes have put pressure on the company. So far, the fast-food giant has navigated these trials with relative ease, with consumers opting for its Big Macs and McNuggets at full-service restaurants.
Wall Street forecasts earnings growth of 6.5% and revenue growth of 3.8% in 2023.
Shares of McDonald’s have risen 5.8% over the past 12 months, giving it a market value of $209 billion.
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