Focus: Q3 2025 U.S. Earnings Reports McDonald's (NYSE: MCD) is set to release its third-quarter earnings report before the market opens on Wednesday. The company's stock has underperformed the broader market, primarily due to weak consumer confidence and intense "value-driven competition."

According to Bloomberg data, Wall Street expects McDonald's U.S. same-store sales to grow 2.2% year-over-year this quarter, slowing from the previous quarter's 2.5% increase. Global same-store sales are projected to rise 3.6%, down from Q2's 3.8% growth.

Adjusted earnings per share are forecast at $3.32, with revenue estimated at $7.1 billion. Year-to-date, McDonald's shares have gained approximately 3%.

In Q3, McDonald's implemented two key initiatives: the reintroduction of the "Snack Wrap" and an agreement with U.S. franchisees to reduce prices on select meal deals. The fast-food industry is broadly expanding "value-focused offerings" as inflation pressures and a sluggish labor market constrain consumer spending power.

During the latest earnings call, CFO Ian Borden told investors, "We anticipate consumer pressures... will persist through the remainder of the year." However, the company reaffirmed its 2025 performance targets.

"We stated early this year that we expect stronger second-half results versus the first half," Borden said in August. "That remains our outlook."

Wall Street is optimistic about McDonald's recent moves to "regain momentum and win back consumers."

Citi analyst Jon Tower noted in a client report, "The groundwork for Q4 and 2026 growth is in place, with U.S. sales poised to reaccelerate."

Other catalysts under Wall Street's radar include: the return of the "Monopoly" game after a decade-long hiatus (spanning digital and physical channels), and new beverages inspired by the limited-time "CosMc" concept (a specialty drink brand previously tested by McDonald's).