McDonald's Q2 Adj. EPS $3.17 Beats $2.52 Estimate, Sales $6.50B Beat $5.66B Estimate
Portfolio Pulse from Bill Haddad
McDonald's reported Q2 earnings of $3.17 per share, beating the analyst consensus estimate of $2.52 by 25.79%. This is a 24.31% increase from the same period last year. The company also reported quarterly sales of $6.50 billion, beating the analyst consensus estimate of $5.66 billion by 14.80%. This is a 13.63% increase from the same period last year.
July 27, 2023 | 11:01 am
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POSITIVE IMPACT
McDonald's Q2 earnings and sales beat estimates, which could lead to a positive impact on the stock price.
McDonald's reported higher than expected earnings and sales for Q2. This positive financial performance could increase investor confidence and demand for the stock, potentially leading to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100