McDonald’s Set to Unveil Q1 Earnings Amidst Sales Challenges and Store Closures

McDonald’s is poised to release its first-quarter earnings report before market open on Tuesday. Analysts anticipate a per-share profit of $2.72 and revenues of $6.16 billion. The fast-food giant grappled with underwhelming fourth-quarter sales due to boycotts in the Middle East and pandemic-related store closures. This quarter, Wall Street projects a meager 2.6% growth in domestic same-store sales, as low-income customers continue to cut back on spending. Consequently, McDonald’s stock has declined 7.7% year-to-date, reducing its market valuation to $197 billion.

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