MCD - Is This a Sign That McDonald's Stock Has Peaked?
2024-05-09 08:45:00 ET
For the past few years, McDonald's (NYSE: MCD) has been able to generate strong results amid inflation. The fast-food restaurant giant has been growing despite challenging economic conditions. It has raised prices without really having to feel a drastic impact on its top line.
But as inflation has continued to become a problem, investors and analysts have been wary that it may only be a matter of time before consumers start to push back against higher prices. And based on the company's most recent quarterly results, demand may indeed be slowing down.
On April 30, McDonald's released its first-quarter results for the first three months of the year. Revenue of $6.17 billion surpassed analyst expectations of $6.15 billion, but adjusted earnings per share of $2.70 fell slightly below Wall Street's target of $2.72.
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Is This a Sign That McDonald's Stock Has Peaked?