McDonald's Q2 2024 Adj EPS $2.97 Misses $3.07 Estimate, Sales $6.490B Miss $6.608B Estimate
Portfolio Pulse from Benzinga Newsdesk
McDonald's (NYSE:MCD) reported Q2 2024 earnings per share of $2.97, missing the analyst estimate of $3.07. Quarterly sales were $6.490 billion, also missing the estimate of $6.608 billion. Sales decreased by 0.12% compared to the same period last year.
July 29, 2024 | 11:00 am
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McDonald's reported Q2 2024 earnings per share of $2.97, missing the analyst estimate of $3.07. Quarterly sales were $6.490 billion, also missing the estimate of $6.608 billion. Sales decreased by 0.12% compared to the same period last year.
McDonald's missed both earnings and sales estimates for Q2 2024, which is likely to negatively impact the stock price in the short term. The slight decrease in sales compared to the same period last year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100