McDonald's Price Targets Lowered Despite Q1 Earnings Beat McDonald's latest quarterly earnings report sent shockwaves through the investor community, prompting several major brokerages to lower their price targets for the fast food giant despite its impressive first quarter results.
The company beat analyst expectations on both revenue and earnings per share, marking a welcome turnaround from previous quarters.
Understanding McDonald's Q1 Earnings Beat McDonald's achieved strong growth in several key areas. Revenue rose by 9. 7% year over year, driven primarily by increases in digital sales and international markets.