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Stock impact report

McDonald's Q1 profit seen slightly below estimates as Jefferies trims sales outlook [Yahoo! Finance]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Yahoo! Finance
McDonald's Corp (NYSE:MCD, XETRA:MDO) is expected to report first-quarter earnings slightly below Wall Street expectations, as analysts at Jefferies trimmed their sales forecasts on signs of softer consumer demand in March. In a note ahead of results, Jefferies said it lowered its first-quarter same-store sales (SSS) estimates for both the US and international operated markets by 50 basis points each, citing “evidence of a softer March and Q1 average” amid a volatile macroeconomic backdrop. The firm now expects US SSS of 4% versus a prior 4.5%, and international SSS of 3.5% versus 4%. Jefferies said it now models first-quarter earnings per share of $2.70, slightly below consensus at $2.76. The brokerage pointed to mixed third-party industry data, noting that while some indicators such as Second Measure and Placer.ai suggested a sequential slowdown in restaurant demand through the quarter, other “Black Box” data showed improvement in quick-service restaurant trends. The conf Show less Read more
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