McDonald’s is about to report earnings. Here’s what to expect

McDonald’s logo sign is seen in Berlin, Germany, on September 12, 2026.

McDonald’s is expected to report its third‑quarter earnings before the bell on Wednesday.

Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:

• Earnings per share: $3.38 expected
• Revenue: $7.29 billion expected

Last quarter, McDonald’s CEO Chris Kempczinski said the chain’s U.S. business fell short, hurt by uneven execution of its value offers and complicated launches of new menu items. In response, the company tapped Skye Anderson as its new U.S. president.

Analysts are predicting an even tougher third quarter for McDonald’s home market. Wall Street is anticipating same‑store sales to decline by 0.5%, according to StreetAccount estimates.

Investors will closely watch the fourth‑quarter outlook. Chipotle Mexican Grill executives said last Wednesday that the restaurant industry saw traffic soften in October.

Shares of McDonald’s have dropped roughly 11% over the past year, weighed down by investor concerns about its U.S. business, costly restaurant upgrades, and the broader economic slowdown. The company’s market capitalization is about $186 billion.

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