McDonald's Earnings Preview Shows It Isn't Out of the Woods Yet
McDonald's (NYSE: MCD) surprised investors last week with a mid-quarter sales update that packed a few pieces of good news into one announcement. The fast-food giant is back to growing revenue at existing locations in the U.S. market, management said, and in other major economies like Japan and Australia. Mickey D's also took the opportunity to boost its quarterly dividend payout to $1.29 per share.
But the report also contained signs that the business is still struggling with the impact of the coronavirus pandemic, which could pressure investor returns at least through 2021.
Let's take a closer look at this preview of third-quarter earnings.
Source Fool.com
