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…