McDonald's (MCD) Q2 Results Review: Time to Buy or Red Flag?
MCDMcDonald's(MCD) ZACKS·2024-08-08 21:50

McDonald's Corporation's (MCD) second-quarter 2024 results disappointed investors, as revenues and earnings fell short of expectations. This marks a year-over-year decline in both key metrics. Despite these lackluster results, the stock has moved up 6.8% since the earnings release. Let's assess whether the gain is sustainable or short-lived.Highlights From MCD’s Q2 ResultsLower-than-expected Results: In second-quarter 2024, MCD posted adjusted earnings per share (EPS) of $2.97, missing the Zacks Consensus E ...