Down 14% YTD, What Lies Ahead For McDonald's Stock Following Q2 Earnings?
McDonald's(MCD) Forbes·2024-07-27 00:00
People are ordering from machines at a McDonald's in Hong Kong, on July 22, 2024. (Photo by Vernon ... [+] Yuen/NurPhoto via Getty Images)NurPhoto via Getty ImagesMcDonald’s stock (NYSE: MCD), a restaurant chain consisting of more than 40,000 mostly franchised stores, is scheduled to report its fiscal second-quarter results on Monday, July 29. We expect MCD stock to likely trade higher with both revenues and earnings beating expectations marginally in Q2 results. MCD stock has declined from around $297 to $ ...