October 24 Earnings: McDonalds - The Rise Of The Wage

McDonald's comparable sales will be aided by continued investments and menu innovation.
Alongside above mentioned factors, its international presence with a softer USD will aid overall margins.

However, with rising wage growth and soft quarterly restaurant spending globally, I expect profits to be under pressure.
Guidance should underwhelm with the aforementioned factors.

I am starting McDonald's with a $150 PT for the post-earnings move.
A tight stop well over ATH at $170 is advised.
analysisBeyond Technical AnalysisEarningsFOODFundamental AnalysismarketMCDmcdonaldsrestaurantStocks

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