McDonald's Earnings Preview: Better Bet On A Buy After Q2
MCDMcDonald's(MCD) Seeking Alpha·2024-07-24 00:13
M. SuhailA few months ago, I argued McDonald's stock was an opportunity below $275. Currently, McDonald's (NYSE:MCD) shares trade below $260. After all, it is not easy for many food companies, be they snack and chocolate producers such as Hershey (HSY) or the coffee shop giant Starbucks (SBUX). Let's recap what is going on. At first, commodity prices (corn and bread, beef and veal, coffee, etc.) soared, and have not truly deflated since the pandemic. Data by YChartsThis puts pressure on costs for many r ...