Individuals put on protecting face masks outdoors McDonald’s in Union Sq. as town continues Section 4 of re-opening following restrictions imposed to sluggish the unfold of coronavirus on July 30, 2020 in New York Metropolis.
Noam Galai | Getty Pictures
This is what Wall Avenue analysts surveyed by Refinitiv expect:
- Earnings per share: $2.11 anticipated
- Income: $5.6 billion anticipated
The fast-food big has seen a swift restoration at its U.S. enterprise, however its worldwide markets have taken longer to get better, dragged down by new rounds of restrictions and lockdowns. Final quarter, the corporate stated its U.S. same-store gross sales outpaced 2019 ranges, a development that executives count on to return this quarter.
The chain’s “well-known orders” promotion with BTS, the Okay-pop supergroup, is anticipated to assist it attain that objective. McDonald’s started rolling out the promotion in late Could throughout practically 50 international locations. Analysts are additionally anticipating robust gross sales of the chain’s hen sandwich, which launched nationwide in February.
For all of 2021, the corporate is anticipating systemwide gross sales progress within the mid-teens.
Shares of the corporate have risen 14% this 12 months, giving it a market worth of $189 billion.