1 Red Flag for McDonald's Stock in 2023
McDonald's (NYSE: MCD) business has been firing on all cylinders lately. Sales are rising at a double-digit rate, profit margins are near record highs, and customer satisfaction is up. "The McDonald's brand has never been stronger," CEO Chris Kempczinski told investors in late July.
And yet the stock is trailing the broader market by a wide margin in 2023 due to one big worry on Wall Street: Investors are looking past the fast-food giant's positive momentum to focus on a predicted slowdown ahead into 2024.
The Q2 earnings report contained only faint signs of an impending slowdown. McDonald's reported positive customer traffic and rising average spending across its key markets, including in the U.S.
Source Fool.com
