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McDonald’s (MCD) Q2 2022 earnings

An indication is posted in entrance of a McDonald’s restaurant on April 28, 2022 in San Leandro, California.

Justin Sullivan | Getty Pictures

McDonald’s is predicted to report its second-quarter earnings earlier than the bell on Tuesday.

Here is what Wall Road analysts surveyed by Refinitiv expect:

  • Earnings per share: $2.47 anticipated
  • Income: $5.81 billion anticipated

Final quarter, McDonald’s was one of many few fast-food chains to warn that it was seeing some low-income customers commerce right down to cheaper meals. Traders might be watching to see if the pattern worsens, notably within the firm’s house market. Wall Road is anticipating U.S. same-store gross sales development of two.8%, based on StreetAccount estimates.

The corporate can also be dealing with pushback at house from a lot of its U.S. franchisees over proposed adjustments to possession phrases and its grading system for operators. An amazing majority of franchisees surveyed by the Nationwide Homeowners Affiliation, an unbiased advocacy group for McDonald’s operators, backed a no-confidence vote in McDonald’s CEO Chris Kempczinski and Joe Erlinger, the corporate’s U.S. President .

Outdoors the U.S., analysts are predicting robust gross sales development as many worldwide markets rebound from the pandemic. However the struggle in Ukraine has led to issues that Europe may face a slowdown as fuel and meals costs spike. McDonald’s mentioned final quarter that European client conduct hadn’t modified.

Nonetheless, the corporate has already confronted monetary fallout associated to the battle after briefly shuttering its Ukrainian eating places and selling off its Russian business to a Siberian franchisee. In Might, the corporate mentioned it expects to file a noncash cost of $1.2 billion to $1.4 billion associated to its web funding in Russia and overseas foreign money losses.

Shares of McDonald’s have fallen greater than 6% this yr, dragging its market worth right down to $185.2 billion.

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