McDonald's is set to report fourth-quarter earnings before the opening bell.
The Chicago-based fast food company is considered a bellwether for the broader restaurant industry and general consumer spending trends. This time around, it's also reporting its earnings ahead of the pack, setting expectations for what other publicly traded restaurant chains will report for the quarter.
Analysts are generally expecting strong demand for McDonald's in the U.S. and more resilience in Europe than previously anticipated. But the primary focus will be on the company's expectations for 2023.such as inflation and interest rate hikes have put pressure on the business. So far, the fast-food giant has navigated those trials with relative ease as consumers have traded down to its Big Macs and McNuggets from full-service restaurants.Shares of McDonald's have risen 5.
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