McDONALD'S REPORTS FIRST QUARTER 2024 RESULTS
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May 1, 2024 6:45 AM EDT
BMO Capital analyst Andrew Strelzik lowered the price target on McDonald's (NYSE: MCD) to $330.00 (from $335.00) while maintaining a Outperform rating.
The analyst comments "MCD's 1Q24 EPS of $2.70 fell $0.02 below consensus largely owing to modest comp miss across segments attributed to softer industry traffic. MCD... More
April 30, 2024 7:09 AM EDT
(Updated - April 30, 2024 11:01 AM EDT)
McDonald's (NYSE: MCD) reported Q1 earnings and comparable sales that missed analyst estimates, initially sending its shares lower Tuesday before the stock recovered its losses.
As of 10:57 am ET, MCD's stock is up 1% at $276.19 per share.
The fast food giant reported Q1 earnings per share (EPS) of $2.70, slightly below the consensus estimate of $2.72. Revenue stood at $6.17 billion, marginally surpassing the consensus estimate of $6.16 billion.
Comparable sales rose by 1.9%,... More
April 30, 2024 7:01 AM EDT
McDonald's (NYSE: MCD) reported Q1 EPS of $2.70, $0.02 worse than the analyst estimate of $2.72. Revenue for the quarter came in at $6.17 billion versus the consensus estimate of $6.16 billion.
For earnings history and earnings-related data on McDonald's (MCD) click here.
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