McDonald's expected to report another jump in US sales as value push, promotions boost traffic

McDonald's is acceptable to study its 4th fourth aft the adjacent connected Wednesday, with Wall Street expecting different beardown 4th for US same-store sales.

US same-store income are expected to person risen 5.1% during the quarter, according to information from Bloomberg, with full-year US same-store income expected to person risen 1.6%. McDonald's is expected to study that its planetary same-store income roseate 3.8% successful the 4th fourth and 2.6% for the afloat year.

Adjusted net per stock are expected to beryllium $3.04 for the 4th and $12.14 for the year, connected gross of $6.8 cardinal and $26.7 billion, respectively.

In the 3rd quarter, McDonald's reported US same-store income roseate 2.5% portion planetary comps roseate 3.6%.

Read more: Live sum of firm earnings

Stifel expert Chris O'Cull wrote successful a enactment to clients that the institution unveiled respective initiatives to turn income successful the latest quarter, including reintroducing the Monopoly game, a collaboration with Dr. Seuss's "The Grinch," and much selling for its Extra Value Meal.

O'Cull besides noted these initiatives "all ... rolled implicit casual comparisons arsenic the institution lapped the E. coli incidental a twelvemonth earlier."

McDonald's stock, which has outperformed the S&P 500 (^GSPC) truthful acold this year, has besides gotten much affirmative commentary from Wall Street, with Oppenheimer expert Brian Bittner upgrading shares to Overweight, citing a "golden accidental for a break-out," adding that the squad is moving to "reposition worth perception" and make a beardown "innovation pipeline."

BTIG expert Peter Saleh besides upgraded the stock, citing postulation gains from its worth and promotion strategy, arsenic good arsenic the motorboat of a caller beverage level successful the archetypal fractional of this twelvemonth based connected its short-lived CosMc's beverage concept.

Brooke DiPalma is simply a newsman for Yahoo Finance. Follow her connected X astatine @BrookeDiPalma oregon email her astatine [email protected].

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