Buzzy promotions have helped McDonald's win over high-income consumers.
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McDonald’s
on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as its value push wins back customers.
“By listening to customers and taking action, we have improved traffic and strengthened our value & affordability scores,” CEO Chris Kempczinski said in a statement.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
For the most part, Wall Street analysts remained bullish on McDonald's following its fourth-quarter earnings and revenue beat.
McDonald's has doubled down on value, which will likely help boost sales, but some franchisees are standing ground in their…
Shares of McDonald's have risen roughly 3% this year. The fast-food giant has a market cap of nearly $220 billion.
The investment firm upgraded the fast-food chain to a buy rating from neutral.
Shares of McDonald's have fallen 10% over the last year, hurt by concerns about the broader economy.
McDonald's shares are down 11% over the past three months, but they should gain ground as the company's moves to increase sales…
