“McDonald’s sales, profit top estimates as inflation persists”
February 1, 2023
“Higher menu prices and customer visits boosted McDonald’s Corp quarterly profit and sales above Wall Street estimates on Tuesday, but shares fell when the burger chain warned inflation will weigh on margins in 2023.
Shares of the burger chain fell about 2.6% to $263.84 in U.S. trading, after gaining about 6% in the last 12 months… “Overall, the consumer, whether it’s in Europe or the U.S., is actually holding up better than… what I would have expected a year ago or 6 months ago,” Chief Executive Officer Chris Kempczinski said during a call with investors…”
https://news.yahoo.com/mcdonalds-sales-surge-warns-short-120135638.html