McDonald's (MCD) just entered the energy-drink market, but the bigger question for investors is whether the move can help revive the stock after a difficult year. The company began selling its Red Bull Dragonberry Energizer across U.S. restaurants on Aug. 17, marking McDonald's first entry into energy drinks.
The timing is interesting because McDonald's recently delivered a mixed second-quarter report. Adjusted earnings came in at $3.38 per share, beating the $3.32 consensus estimate, while revenue of roughly $7.1 billion fell slightly short of the $7.14 billion estimate.
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The timing is interesting because McDonald's recently delivered a mixed second-quarter report. Adjusted earnings came in at $3.38 per share, beating the $3.32 consensus estimate, while revenue of roughly $7.1 billion fell slightly short of the $7.14 billion estimate.
Third Point Starts to Raise Alarm Bells on Broadcom After Dumping AVGO Stock in Q2
Nvidia Q2 Preview: Strong Earnings and Low Valuation Set the Stage for Upside
A $28.7 Billion Reason to Buy SK hynix Stock Now
#billion #energy
2 months ago
