MCD - These Analysts Revise Their Forecasts On McDonald's Following Q3 Results | Benzinga
McDonald's Corp (NYSE: MCD) reported better-than-expected earnings for its third quarter on Monday.
McDonald's reported third-quarter FY23 sales growth of 14% year-on-year to $6.692 billion, beating the analyst consensus estimate of $6.577 billion. Adjusted EPS of $3.19 beat the consensus estimate of $3.00.
McDonald's sees FY23 operating margin of 46%; Capital expenditure of $2.2 billion - $2.4 billion.
McDonald's shares rose 0.7% to trade at $261.95 on Tuesday.
These analysts made changes to their price targets on ...