McDonald's work prepares French fries to go.
McDonald's reports earnings before Friday.
The company's stock, which has a market value of more than $ 165 billion, is up 20% so far this year.
Here's what Wall Street expects, according to analysts surveyed by Refinitiv:
- Earnings per share: $ 2.05 expected
- Revenue: $ 5.33 billion expected
- Sales growth in the same store: 5.08 % Expected
The Chicago-based company has attempted to integrate more technology into its business with self-order kiosks, delivery and drive-through menus using artificial intelligence. During the previous quarter, McDonald's deals with Dynamic Yield and Plexure announced. Dynamic Yield's machine learning technology was already integrated into the 700 drive through the end of April.
As part of reaching the modern consumer, the fast food giant said earlier this month that it adds DoorDash as a delivery partner, ending the exclusivity with UberEats. The move will expand McDonald's delivery imprint and can increase delivery sales. Chris Kempczinski, McDonald's US chief, told reporters at a media event in May that delivery orders only account for about 2% to 3% of the business.
McDonald's has scaled down the menu this year to speed up service times. The discontinued series of premium citizens, detached the late menu menu and told franchisees that they could trim their breakfast offerings throughout the day.
Still it launched during the second quarter Worldwide Favorites, a limited time offer of four international foods including Stroopwafel McFlurry. And it faces pressure to add even more to the menu. US franchisees will have a chicken sandwich that can compete with Chick File A, and consumers ask for a meat-free burger like Burger King's Impossible Whopper.
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