McDonald's is about to announce its Q1 financial report: same-store sales in the US are expected to decline for two consecutive quarters, with revenue expected to be $6.09 billion.
McDonald's is expected to announce its first quarter earnings before the US stock market opens on Thursday. McDonald's is often seen as a barometer of consumer sentiment, with sales fluctuating in recent quarters, especially in the domestic US market. Analysts expect earnings per share for the first quarter to be $2.66, with revenue of $6.09 billion. Analysts predict that due to last October's E. coli outbreak and cautious consumer spending suppressing demand, McDonald's US same-store sales will decline for the second consecutive quarter.
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