McDonald’s (MCD) Q4 2025 earnings

McDonald’s It is expected to report its fourth-quarter earnings after the bell on Wednesday.

Here’s what Wall Street analysts surveyed by LSEG expect the company to announce:

• EPS: Expected $3.05
• REvent: Expected $6.84 billion

The fast food giant, often seen as a leader in consumer spending, has been warning for more than a year that low-income consumers are spending less. In response, McDonald’s has embraced discounted offerings, from rolling out its value menu to relaunching its extra value combo meals.

One bright spot for McDonald’s and the broader fast-food sector has been its high-income diners, who trade in fast-casual options. Loud promotions attracted these consumers and also boosted the chain’s sales; The fourth quarter included the return of Monopoly, as well as the Grinch meal for the holiday season.

Analysts expect McDonald’s same-store sales to rise 3.9%, supported by a 5.4% increase in the United States, according to StreetAccount estimates.

Despite a rebound in sales, McDonald’s shares rose just 4% over the past year, dragged down by broader consumer concerns and the rise in GLP-1 drugs.