McDonald’s (MCD) Q4 2022 Profit
A sign in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California.
Justin Sullivan | Getty Images
McDonald’s expected to report its fourth-quarter earnings ahead of Tuesday’s bell.
Here’s what analysts polled by Refinitiv expect from the company:
- Earnings per share: $2.45 expected
- Revenue: $5.69 billion expected
The Chicago fast food company is considered a leader in the restaurant industry and overall consumer spending trends. This time around, it also reports its earnings ahead of the rest, setting expectations for other publicly traded restaurant chains to report for the quarter.
Analysts generally expect strong demand for McDonald’s in the US and greater resilience in Europe than previously thought. But the focus will be on the company’s expectations for 2023.
Executives have previously discussed how macroeconomic issues such as inflation and rising interest rates are putting pressure on businesses. So far, the fast food giant has dealt with these challenges with relative ease as consumers switched to its Big Macs and McNuggets from full-service restaurants.
Wall Street is forecasting 6.5% earnings growth and 3.8% revenue growth in 2023.
McDonald’s shares are up 5.8% over the past 12 months, giving the company a market value of $209 billion.