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McDonald's Stock Lags as Business Accelerates: A 2028 Price View

McDonald's (MCD) is a rare mega-cap where business is accelerating while the stock sits still. Global comps grew 3.8%, loyalty sales topped $9B, and revenue jumped 9.4% YoY. Yet shares are down 5.67% YTD, creating a potential opportunity.

June 12, 2026
2 min read
Source: 24/7 Wall St.
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Key Numbers

global comps growth
3.8%
loyalty sales
$9B
revenue growth
9.4%
ytd stock change
-5.67%

McDonald's (NYSE:MCD) is a rare mega-cap where the business is accelerating while the stock sits still. Global comps grew 3.8% last quarter, loyalty sales topped $9 billion in 90 days, and revenue jumped 9.4% YoY. Yet shares are down 5.67% year to date. This disconnect creates a potential opportunity.

The Disconnect Between Business and Stock

Strong Business Performance

  • Global comps growth: 3.8% last quarter.
  • Loyalty sales: Exceeded $9 billion in 90 days, showing strong customer engagement.
  • Revenue growth: 9.4% year-over-year.

Weak Stock Performance

  • Year-to-date decline: 5.67%.
  • Valuation: The stock has not reflected the strong earnings.

Why the Disconnect?

Possible reasons include macroeconomic concerns like inflation or changing consumer spending habits. However, analysts believe McDonald's strong fundamentals support a higher valuation.

What This Means for Investors

If McDonald's continues to deliver strong sales and loyalty growth, the current stock decline could be a buying opportunity. However, investors should monitor macroeconomic factors that could impact the consumer cyclical sector.

Frequently Asked Questions

Loyalty sales topped $9 billion in 90 days.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.