McDonald's Controversy Backlash Amidst A 16% Decline - Will It Soar Beyond $250 Ahead Of The Earnings Tsunami?
Portfolio Pulse from Zaheer Anwari
McDonald's Corp (MCD) is facing a PR crisis due to its Israeli franchisees providing free meals to the Israeli Defense Forces, leading to calls for a boycott. This controversy comes as the company's stock has dropped 16% since July 2023, with 5.31% of that decline happening this month. The Q3 earnings release is scheduled for October 30, with projections at $3.00 per share.
October 17, 2023 | 1:37 pm
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McDonald's is facing a PR crisis that could potentially impact its stock performance. The stock has already dropped 16% since July 2023. The upcoming Q3 earnings release could introduce further volatility.
The controversy surrounding McDonald's could lead to a boycott, negatively impacting sales and further driving down the stock price. The upcoming earnings release could either alleviate or exacerbate this situation, introducing further volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100