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.

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