Will Comps Growth Drive McDonald's (MCD) Q3 Earnings?
Zacks Investment Research | Oct 19, 2017 10:39PM ET
Burger giant, McDonald's Corp. (NYSE:MCD) , is set to report its third-quarter 2017 numbers on Oct 24, before the opening bell.
We expect the company’s solid comps growth on the back of various sales and digital initiatives to drive top- and bottom-line results in the to-be-reported quarter. Meanwhile, though increased focus on refranchising is likely to boost earnings, it may hamper the quarter’s revenue growth.
The Zacks Consensus Estimate for the quarter’s earnings is pegged at $1.74, representing a year-over-year increase of 7.6%. The same for revenues is projected to be $5.7 billion, down 11.5% from the prior-year quarter.
McDonald's Corporation Price and EPS Surprise
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