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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

McDonald's Value-First Push Fails To Spur Multiple Expansion: Analyst

McDonald MCD United States
Mykolaiv,,Ukraine,-,August,11,,2021:,Woman,With,Mcdonald's,French

McDonald’s Corporation (NYSE:MCD) shares slipped Thursday as an analyst warned that its value-first push may fail to drive U.S. comp revisions or multiple expansion.

On Aug. 6, the fast food company reported second-quarter adjusted earnings per share of $3.19, beating the analyst consensus estimate of $3.14. Quarterly sales of $6.843 billion outpaced the Street view of $6.682 billion.

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