McDonald's Q4 Sales $6.41B Miss $6.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
McDonald's reported Q4 sales of $6.41 billion, missing the analyst consensus estimate of $6.45 billion by 0.68%. This represents an 8.09% increase over the same period last year.
February 05, 2024 | 12:01 pm
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McDonald's Q4 sales of $6.41 billion missed estimates by 0.68%, but showed an 8.09% increase from last year.
The slight miss in sales estimates may cause short-term investor concern, potentially impacting the stock price negatively. However, the year-over-year growth indicates underlying strength, which could mitigate any negative impact. The mixed results lead to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100