/McDonald)
McDonald's Corporation (MCD), headquartered in Chicago, Illinois, operates and franchises fast food chains under the McDonald's brand. Valued at $207.3 billion by market cap, MCD is the world's largest fast food restaurant chain that offers various food products and soft drinks, and non-alcoholic beverages. With a global presence in over 40,000 locations in more than 100 countries, approximately 95% of its restaurants are owned and operated by independent local business owners. The fast-food giant is expected to announce its fiscal fourth-quarter earnings for 2024 on Monday, Feb. 10.
Ahead of the event, analysts expect MCD to report a profit of $2.85 per share on a diluted basis, down 3.4% from $2.95 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
