McDonald`s Corporations is expected to report earnings on Tuesday 22 before market open, and the reported EPS forecast for the fiscal Quarter ending September 2019 is $2,21 which is up from last years $2,1 for the same quarter.
So far this year, the stock is up 17% and that is 2% lower than the S&P 500. Nor is it as good as its restaurant peers. Earnings is expected to be $2,21 a share on revenue of $5,48 billion. Previous quarter, they had an earnings of $2,05 a share and revenue of $5,34 billion.
Analysts have praised McDonald`s use of technology and their investments in AI, but also its experience of the Future restaurant remodeling.
Earlier this summer, McDonald`s partnered with Doordash to expand new sales in the direct delivery market. A direct attack on Uber Technologies’ Uber Eats.
McDonald`s is the largest food restaurant in the world and their move to adopt plant-based protein patties for Beyond Meat can give McDonald`s a boost. This is a pilot project and it doesn`t mean that fast food chains will stick to keeping plant based products on the menu.
Beyond Meat is a huge success and partnered with McDonald`s across 28 locations in Canada, but at the same time the company`s burgers were pulled from locations in another big regional Canadian fast food chain called Tim Hortons.
The demand for alternative proteins continues to skyrocket and analysts expect that the plant based products will take a huge bite of the traditional meat industry over the next decade. Barclays believe the market for alternative proteins could hit $140 billion by 2029.
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