McDonald's is expected to report third-quarter earnings before the bell on Wednesday. Analysts surveyed by LSEG expect earnings per share of $3.38 and revenue of $7.29 billion. Last quarter, the U.S. business fell short due to uneven execution of value offers and complicated menu launches, and the company tapped Skye Anderson as its new U.S. president. StreetAccount estimates that same-store sales declined 0.5% in the third quarter, and investors will watch commentary on the fourth quarter after Chipotle said traffic softened in October. Shares have fallen about 11% over the past year on concerns about the U.S. business, expensive restaurant upgrade plans and the broader economy, and the company has a market cap of roughly $186 billion.
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