Earnings

McDonald’s (MCD) earnings Q1 2023

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McDonald’s on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as U.S. consumers keep buying Big Macs and Shamrock Shakes.

But executives offered a conservative view of the economy, reiterating last quarter’s warning that recessions could hit the U.S. and Europe later this year. Customers in some of McDonald’s markets have pushed back more than expected against price increases, and diners have slightly decreased how many menu items they include in an order.

Still, executives stressed they are confident that the fast-food giant can handle any challenges.

“At McDonald’s, we perform well in good times and in bad, so that gives us optimism as we go through the…



Source cnbc.com

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