McDonald’s Corporation will release its fourth quarter results on Jan. 27, before market open.

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What is the date of the report?

McDonald’s Corporation to release fourth quarter results on January 27and, before the opening of the market. The report will be for the fiscal quarter ending December 2021.

What to expect?

According to Zacks Investment Research, based on forecasts from 13 analysts, the consensus EPS forecast for the quarter is $2.31, up 37.6% from EPS of $1.70 a year ago. . Based on this forecast, McDonald’s will experience a 16% decline in EPS; however, it is still consistent with the fast food giant’s seasonal pattern.

Revenue is expected to climb 13.5% year-over-year to $6.03 billion, driven by higher menu prices, a successful digital loyalty program and regional momentum. In third-quarter results, McDonald’s International Operated Markets segment saw same-store sales increase 13.9% year-over-year, fueled by a recovery in demand after restrictions eased. of Covid in the UK, Canada, France and Germany. As a result, there is good reason to believe that countries like Australia and Japan, comparable store sales will show a significant rebound in the fourth quarter when those countries conclude their lockdowns.

Based on all earnings reported in 2021, McDonald’s has rarely let its shareholders down. Second and third quarter earnings successfully exceeded double-digit expectations. Therefore, market participants expect McDonald’s to continue its outstanding record in the fourth quarter and surpass its pre-Covid level amid the new Omicron variant.

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