Key TakeawaysMcDonald's reported first-quarter earnings that missed estimates as its results were hurt by the effects of inflation on consumers and continuing boycotts in the Middle East.CEO Chris Kempczinski said consumers were watching their spending because of high prices.McDonald's shares hit an all-time high in January, but they’ve stumbled since, losing close to 8% year to date. McDonald’s (MCD) reported first-quarter earnings that missed estimates as its results were hurt by the effects of inflation ...

Some of America's best-known corporations are saying their consumers are feeling pinched by inflation as prices continue rising.Inflation has dominated corporate America's discourse over the past three years following the pandemic-induced easing of monetary policy and trillions of dollars in Covid relief. Though the pace of price growth has cooled since the Federal Reserve began raising interest rates in early 2022, consumers are still feeling the squeeze — and often tightening purse strings — as costs cont ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

McDonald's Corporation (MCD) posted first-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. The top and bottom lines increased on a year-over-year basis.Chris Kempczinski, president and CEO of McDonald's, said that as consumers increasingly scrutinize every dollar they spend, the company’s commitment is to consistently earn their patronage by providing top-notch dependable value and exceptional service. Looking ahead to the remainder of 2024 and beyond, M ...

McDonald's Corporation (NYSE:MCD) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Mike Cieplak - IR Chris Kempczinski - President and CEO Ian Borden - SVP and CFO Conference Call Participants David Tarantino - Robert W. Baird Brian Harbour - Morgan Stanley Dennis Geiger - UBS John Ivankoe - J.P. Morgan Chase David Palmer - Evercore ISI Eric Gonzalez - KeyBanc Capital Markets Sara Senatore - Bank of America Lauren Silberman - Deutsche Bank Brian Bittner - Oppenheimer & Co. And ...

McDonald's (MCD) reported $6.17 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.6%. EPS of $2.70 for the same period compares to $2.63 a year ago.The reported revenue represents a surprise of +0.01% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $2.71, the EPS surprise was -0.37%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Key PointsMcDonald's had a solid Q1 despite missing analysts' estimates. Headwinds exist that will impact revenue and profitability this year.Analysts' coverage is broad and leading the market to a new high. 5 stocks we like better than McDonald'sMcDonald’s Corporation NYSE: MCD share price is down from its peak, but this is good news for investors. The trend in MCD stock is up, and the move to retest support at the long-term EMA is a budding trend-following entry supported by results. McDonald’s Q1 results ...

McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits.McDonald’s reported first-quarter net income of $1.93 billion, or $2.66 per share on Tuesday. Excluding restructuring charges, the Golden Arches earned $2.70 per share. Though it was up from the year-ago period, it missed Wall Street’s $2.72-per-share expectations. 5 McDonald’s reported first-quarter earnings on Tuesday that widely came in below Wall Street’s expecta ...

McDonald's (MCD) came out with quarterly earnings of $2.70 per share, missing the Zacks Consensus Estimate of $2.71 per share. This compares to earnings of $2.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.37%. A quarter ago, it was expected that this world's biggest hamburger chain would post earnings of $2.81 per share when it actually produced earnings of $2.95, delivering a surprise of 4.98%.Over the last four quart ...

Exhibit 99.2 McDonald's Corporation Supplemental Information (Unaudited) Quarter Ended March 31, 2024 Impact of the War in the Middle East 1 Impact of Foreign Currency Translation 1 Net Income and Diluted Earnings per Share 2 Revenues 3 Comparable Sales 4 Systemwide Sales and Franchised Sales 4 Restaurant Margins 5 Selling, General & Administrative Expenses 5 Other Operating (Income) Expense, Net 6 Operating Income 6 Interest Expense 7 Nonoperating (Income) Expense, Net 7 Income Taxes 7 Outlook 8 Restaurant ...