Lates News

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 trends, and its sales have been fluctuating in recent quarters, especially in the US domestic market. Analysts expect earnings per share of $2.66 and revenue of $6.09 billion for the first quarter. Analysts predict that same-store sales at McDonald's in the US will continue to decline for the second consecutive quarter due to the outbreak of E. coli in October last year and consumers becoming more cautious with their spending.