McDonald’s (MCD) earnings Q3 2022


McDonald's reports better-than-expected Q3 earnings

McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue.

The company is bucking a trend seen by other chains, which have reported shrinking traffic after raising menu prices. Many restaurants, including McDonald’s and its franchisees, have turned to price hikes to mitigate higher food and labor costs, but inflation-weary customers have been cutting back on eating out to save money.

McDonald’s executives spoke openly during the company’s earnings call about the challenges its restaurants are facing. CEO Chris Kempczinski said there’s increasing uncertainty and unease about the…

Source cnbc.com

0 0 votes
Article Rating

GM temporarily suspends advertising on Twitter following Musk takeover

Previous article

Shopify (SHOP) Q3 2022 earnings

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings