McDonald’s Corporation Stock Slides Before Earnings as Its Big Drink Bet Comes Due
Shares of McDonald’s Corporation dropped 2.37% to end at $286.64 on Friday, lagging behind most restaurant stocks. Investors are eyeing next week’s earnings along with a new U.S. beverage launch, which the burger giant hopes will spark fresh growth. Starbucks finished higher, and Yum Brands declined, but by a smaller margin. Timing’s no small detail here. McDonald’s will post its first-quarter numbers before the bell on May 7. Wall Street’s looking for $2.75 a share in earnings and roughly $6.48 billion in revenue. Not much cushion if U.S. guest counts, value deals, or franchisee profits come in below par.
