Can We Expect Upward Momentum in McDonald’s Stock Price?
In its second quarter, McDonald’s outperformed analysts’ revenue, global SSSG (same-store sales growth), and EPS expectations. Meanwhile, the stock price of the broader comparative index, the Consumer Discretionary Select Sector SPDR ETF (XLY), which has invested 8.2% of its holdings in restaurant and travel companies, has risen 17.1%.