McDonald's Corporation · MCD · Next earnings

McDonald's Corporation reports Wednesday, Nov 4, 2026

MCD reports before market open with consensus EPS at $3.38 and revenue at $7.28B. Last quarter: McDonald’s Q3: Value Initiatives Lift U.S. Trend, Execution Risks Persist

Reports Before market open0 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $3.38 Calendar consensus
Consensus revenue $7.28B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 0 days away

Where MCD left off: FY2026 Q3

Full report

McDonald’s Q3: Value Initiatives Lift U.S. Trend, Execution Risks Persist

EPS surprise — Reported — vs $3.38
Revenue surprise — Reported — vs $7.28B
Stock move +5.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Guidance sentiment remained maintained. The supplied analysis says 2026 capex is projected at $3.7 billion, at the low end of prior guidance; it also describes an early-2027 national value-program rollout.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Soft consumer conditions and inflationary pressure on lower-income customers may weigh on demand.
  • Execution of value, pricing and operational initiatives depends in part on franchisee alignment.
  • Regional operating disruptions and weaker conditions in some markets remain headwinds.

Questions analysts left open

  • Whether recent U.S. comparable-sales improvement can persist into Q4 and beyond.
  • Franchisee alignment on pricing and the planned value program.
  • Operational feasibility and incremental sales contribution of hand-breaded chicken offerings.

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Recent MCD quarters

All MCD earnings
+5.5%FY2026 Q3+1.2%FY2026 Q2-0.1%FY2026 Q1-0.8%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.