Research Firm Sees McDonald's (MCD) June Comps Up 2.7%
Get Alerts MCD Hot Sheet
Price: $272.83 +0.21%
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
26 Buy, 23 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Following a recent survey of McDonald's (NYSE: MCD) franchisees, research firm Research Edge believes that the leading fast-food chain will report a 2.7% rise in comparable store sales for the month of June. Research Edge notes that McDonald's recent focus on promotions and discounts will likely pressure margins at some point, something that most fast-casual restaurants are presently facing.
Investors will find out if the forecast rings true on Thursday, July 23 when McDonald's is expected to report its Q2 results.
Today, shares of McDonald's are up about 0.7% to $58.22.
Investors will find out if the forecast rings true on Thursday, July 23 when McDonald's is expected to report its Q2 results.
Today, shares of McDonald's are up about 0.7% to $58.22.
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Powell Industries (POWL) PT Lowered to $235 at Cantor Fitzgerald
- Avalonbay Communities (AVB) dropped from S&P 500
Create E-mail Alert Related Categories
Analyst Comments, Retail Sales, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share