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Restaurant check: A wince boost for McDonald’s, Shake Shake is flying strong into earnings

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Truist selected two restaurant stocks as potential candidates to look at selling Q2 profits based on the most recent card data.

Analyst Jake Bartlett said McDonald’s (NYSE:MCD) was bracing for potentially strong sales and had seen little acceleration to end the quarter. Of note, the Truist Card Data adjusted estimate for McDonald’s Q2 US system sales of $13.9 billion was +3.5% above consensus. Truist now sees same-store sales growth in US Q2 of 10.0% vs. consensus figure +8.9%.

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