McDonald's is about to report earnings Here's what to expect

McDonald's is about to report earnings Here's what to expect

A McDonald's restaurant in El Sobrante, California on October 23, 2024.

David Paul Morris Bloomberg Getty Images

McDonald's It is expected to report third-quarter earnings before the bell on Tuesday.

Here's what Wall Street analysts polled by LSEG expect the company to report:

  • Earnings per share: $3.20 expected
  • Revenue: $6.82 billion

The Centers for Disease Control and Prevention linked a deadly E. The earnings report comes a week after an advisory notice was issued warning of a coli outbreak. After temporarily pulling the menu item from about a fifth of its U.S. restaurants, the company said Sunday that the burger would return to affected locations without onions.

Health authorities cleared the chain's fresh beef patties as the source of the outbreak and dropped an investigation into slivered onions included in the menu item. As of Friday, 75 health cases have been linked to the outbreak, including the death of an older adult.

Even before the outbreak, McDonald's sales were lagging. For the company's third quarter, analysts expect the company to report a 0.6% decline in same-store sales, dragged down by weak international demand, according to StreetAccount estimates.

As inflation-weary consumers eat less, McDonald's is creating value menus and combo meals in some of its biggest markets. In the U.S., where it introduced $5 combo meals in late June, its same-store sales are expected to rise 0.5%.

McDonald's shares fell 6% since it first e. coli outbreaks were linked. The stock has been fairly flat so far this year. McDonald's market cap is about $210 billion.

This story is developing. Please check back for updates.

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