McDonald’s Slips as Operating Margin Misses Estimates
McDonald’s says Europe franchisees hard hit by higher costs
Consumers still strong, but lower-income diners spending less
A McDonald's fast food restaurant in New York, US, on Monday, Oct. 24, 2022. McDonald's Corp. is scheduled to release earnings figures on October 27.Photographer: Jeenah Moon/Bloomberg
McDonald’s Corp. shares slipped after the company’s fourth-quarter operating margin and its projection for 2023 both fell short of analyst estimates.
The measure of profitability came in at 43.6% for the most recent quarter, below the average estimate of 45.5% compiled by Bloomberg. Looking ahead, the fast-food giant expects its operating margin to be about 45% in 2023, below the consensus estimate of 46.5%.
