McDonald's restaurant in El Sobrante, California, on October 23, 2024.
David Paul Morris | Bloomberg | Getty Images
McDonald's It is expected to report its third-quarter earnings before the bell on Tuesday.
Here's what Wall Street analysts surveyed by LSEG expect the company to announce:
Earnings per share: $3.20 Expected revenue: $6.82 billion
The earnings report comes a week after the Centers for Disease Control and Prevention issued an advisory notice warning of a deadly E. coli outbreak linked to McDonald's Quarter Pounder burgers. After temporarily pulling the menu item from about five of its U.S. restaurants, the company said Sunday that the burger would return to affected locations, minus the onion slices.
Health authorities have cleared the chain's fresh beef patties as the source of the outbreak, and the investigation focused on sliced onions included in the menu item. As of Friday, 75 health conditions have been linked to the outbreak, including the death of one adult.
McDonald's sales were lagging even before the outbreak. For the company's third quarter, analysts expect the company to report a 0.6% decline in same-store sales, hurt by weak international demand, according to StreetAccount estimates.
As inflation-fed consumers decline, McDonald's has begun rolling out value menus and combo meals in some of its largest markets. In the United States, where it launched a $5 combo meal in late June, same-store sales are expected to rise 0.5%.
McDonald's shares have fallen 6% since they were first linked to the E. coli outbreak. So far this year, the stock has remained roughly flat. McDonald's has a market capitalization of approximately $210 billion.
This story is evolving. Please check back for updates.
