On October 22, McDonald’s shares came under pressure after posting 3Q19 adjusted earnings of $2.11 per share, up from $2.10 a year earlier but missing consensus by $0.10.
Overall same-store sales rose 6%, above the consensus forecast of 5.4%, reflecting the impact of digital initiatives and increased deliveries.
We look for expanding operating margins given better margins available from refranchised restaurants and lower commodity prices, although increases in the minimum wage in several states will be an offset. …read more
Source:: Yahoo Finance
