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Stock impact report

McDonald's big sales growth expected as labor crunch looms [Reuters]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Reuters
A sign is seen at a McDonald's restaurant in Queens, New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo NEW YORK, July 27 (Reuters) - McDonald's BTS celebrity meals and crispy chicken sandwiches are expected to fuel a U.S. sales increase of 24% when the company reports second-quarter earnings on Wednesday, but analysts are eyeing whether labor shortages could slow growth. If results for McDonald's fall short of the mark, the lack of cooks and cashiers could be a culprit, along with competition from other restaurants reopening, independent analyst Mark Kalinowski said in a research note. As the United States and other economies move toward emerging from the COVID-19 pandemic, an increase in demand for food and goods is exacerbating a shortage of servers, retail workers, truckers and delivery drivers. That crunch is causing slow service and menu outages. McDonald's Chief Executive Officer Chris Kempczinski told investors in June that the competition for workers is likely to Show less Read more
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