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PREVIEW: McDonald's slips as investors eye sales growth in quarterly report

By Reuters News

** Shares of McDonald's MCD.N fall ~1% to $262.90 ahead of its quarterly earnings report due before markets open on Wednesday

** MCD seen reporting 5% rise in adj EPS of $3.38 on revenue of ~$7.3 billion, up ~3% from the prior year

** MCD's adj EPS has met expectations 7 times over the last 8 quarters, per LSEG data

** In September, MCD warned that industrywide customer traffic in key markets would likely remain flat as long as inflation remained elevated.

** MCD had missed US sales growth expectations for the second quarter as consumers cut back restaurant spending

** 37 analysts cover MCD, giving it an avg rating of "BUY" and median PT is $295, per LSEG data

** MCD is down ~14% YTD vs Dow Jones Industrial Average's .DJI ~8% increase

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