McDonald’s (NYSE: MCD) kicked off another busy earnings week this morning, and the numbers weren’t great.
Profits at the world’s largest fast-food chain fell 4.5% in the second quarter despite 3.7% growth in same-store sales. However, that growth pales in comparison to the 7.3% sales increase the company saw in the first quarter.
The slower growth has translated to a 2.5% drop in McDonald’s shares this morning.
So it was an inauspicious start to the earnings week – at least if you were a blue-chip stock. Numerous other big-name companies are scheduled to report earnings this week. None will be more anticipated than Facebook (Nasdaq: FB).
The social network will report second-quarter earnings on Thursday – the first quarterly glimpse at the company’s balance sheet since it went public on May 18.
Given Facebook’s well-documented post-IPO struggles, its first public earnings report could – for better or worse – be a turning point for the stock.
Here are a few of this week’s other highly anticipated earnings reports:
Monday
- Texas Instruments (Nasdaq: TXN)
Tuesday
- Altria (NYSE: MO)
- AT&T (NYSE: T)
- NFLX (Nasdaq: NFLX)
- Under Armour (NYSE: UA)
Wednesday
- Caterpillar (NYSE: CAT)
- ConocoPhillips (NYSE: COP)
- Eli Lilly (NYSE: LLY)
- Ford (NYSE: F)
- Pepsico (NYSE: PEP)
- Visa (NYSE: V)
- Whole Foods (Nasdaq: WFM)
- Zynga (Nasdaq: ZNGA)
Thursday
- Amazon (Nasdaq: AMZN)
- Exxon (NYSE: XOM)
- Facebook (FB)
- Starbucks (Nasdaq: SBUX)
Friday
- Newmont Mining (NYSE: NEM)