McDonald’s, a fast-food giant, is set to release its second-quarter earnings report, and analysts are painting a bleak picture. The company is expected to report earnings per share of $3.07 on revenue of $6.61 billion. However, McDonald’s stock has taken a hit, dropping 15% this year. This decline is attributed to concerns about consumer spending
Business
In recent years, fast-food chains have been experiencing a shift in consumer behavior as more and more people are cutting back on their spending, particularly in the fast-food sector. The era of $5 footlongs at Subway is long gone, and now other chains are attempting to win over customers with meal deals priced at $5.
Disney and Marvel’s “Deadpool & Wolverine” has shattered records with a staggering $38.5 million in Thursday previews, setting the stage for a potential domestic debut exceeding $150 million. Notably, this would mark a new record for an R-rated film within the Marvel Cinematic Universe. The movie, one of the most highly anticipated releases of 2024,
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. The oversupplied U.S. market has led airlines to discount tickets during what is typically the most profitable period of the year. Southwest anticipates that unit revenue for the current quarter could decline by as much as 2% compared
Chipotle Mexican Grill recently reported a strong set of quarterly earnings that surpassed analysts’ expectations. The company’s revenue and earnings per share exceeded forecasts, driving a positive reaction in the stock market. Despite concerns about the health of the restaurant industry, Chipotle managed to deliver impressive results for the quarter ending in June. Revenue and
Coca-Cola recently announced an increase in its full-year outlook, citing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a
In a move to address the long-standing issue of inflated prescription medication prices linked to pharmacy benefit managers (PBMs), bipartisan lawmakers recently introduced a new bill known as the “Pharmacists Fight Back Act.” The legislation, spearheaded by Reps. Jake Auchincloss and Diana Harshbarger, aims to curtail dubious business practices employed by drug supply chain middlemen
General Motors is anticipated to release their second-quarter results, with analysts forecasting an earnings per share of $2.75 adjusted and revenue of $45.46 billion. The expected results would signify a 1.6% increase in revenue compared to the previous year and a substantial 44.2% increase in adjusted earnings per share. Last year’s second-quarter results for GM
Warner Bros. Discovery recently made a bold move by informing the National Basketball Association (NBA) that it intends to exercise its matching rights for a package of games earmarked for another company. The company is specifically targeting a deal between NBC and Amazon Prime Video, showing its commitment to maintaining its stake in the broadcasting
McDonald’s has announced that its $5 value meal promotion will be extended beyond the initial four-week window in most of its U.S. markets. The fast-food giant reported that the offer has successfully driven traffic back to restaurants, leading 93% of its business units to vote in favor of extending the promotion past its original end