McDonald's earnings beat profit estimates despite growing inflation

Tax Foundation President Emeritus Scott Hodge discusses stocks dropping to session lows and the IRS raising tax brackets on 'Cavuto: Coast to Coast.'surged past prior sales and profit estimates, according to an earnings report released on Thursday.

In the United States, McDonald's comparable sales rose by 6.1%, marking the ninth consecutive quarter of growth. Meanwhile, international comparable sales increased by 10% as prices for the chain's iconicThe burger company's digital systemwide sales were reported to be nearly $7 billion in McDonald's top six markets. During premarket trading, McDonald's shares increased by 2.7% at 263.58 per share.

"Our third quarter 2022 performance demonstrated broad-based business momentum as global comparable sales increased nearly 10%. I remain confident in our Accelerating the Arches strategy as our teams around the world continue to execute at a high level," said Chris Kempczinski, McDonald’s president and CEO.

Not a salad in the place!! Mc Luving it..

Not despite, but because of growing inflation. Inexpensive meals of lower quality are in demand, let the eater beware.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Intel earnings: Will Mobileye IPO take the shadow off falling margins, rumored layoffs?Intel Corp. must contend with an earnings report Thursday that notably lacked a formal pre-announcement, amid a bleaker-than-expected PC market and layoff... Go woke go broke. Watch another one die Massive layoffs coming And people wonder why I say we are headed lower. The e in PE is evaporating ask Meta and Snapchat $meta $snap straight disasters
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »