McDonalds (MCD) is scheduled to report Q3 earnings before the open tomorrow.
Consensus estimates Q3 adj. EPS of $2.21 (vs. $2.10 last year) on revs of $5.47 bln (+2% yr/yr)
Q3 comps estimate is for +5.5%
Last quarter, MCD reported both EPS and reported revs in-line.
Global comparable sales increased 6.5% vs 5% estimate
MCD is trading around the same level it was going into its Q2 report.
TECHS:
Currently shares are trading at a P/E 25x which gives a similar to SBUX (29x). Lower quality competitors such as Wendy's (34x) and YUM 28) are trading at a premium.
Peers: YUM, WEN, BKW, CMG, SHAK, RRGB, DPZ
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