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McDonald's Corporation (MCD), with a market cap of $185.4 billion, is a leading global fast-food chain that operates and franchises quick-service restaurants. The Chicago-based company is expected to announce its fiscal Q2 earnings results before the market opens on Monday, Jul. 29.
Ahead of this event, analysts expect the fast food giant to report a profit of $3.10 per share, a slight decrease of 2.2% from $3.17 per share in the previous year's quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. In the most recent quarter, the company reported an EPS of $2.70, reflecting a 2% year-over-year jump but narrowly missing the consensus estimate due to the impact of budget-conscious consumers.
