McDonald’s is closing a successful quarter

By: Trademagazin Date: 2023. 10. 30. 11:48

McDonald’s quarterly results beat expectations, and the fast-food chain increased its profits and turnover, while expanding its product range and keeping prices low at a time of high inflation are seen as a recipe for success.

2023.06.02. McDonald’s étterem és skybox a Budapest Parkban, koncert közben.

The company’s after-tax profit rose 17 percent to $2.32 billion in the three-month period ended at the end of September. Diluted earnings per share of $3.19 easily beat market expectations of $3.

McDonald’s sales rose 8.8 percent in units open at least a year, beating analysts’ preliminary estimate of 7.36 percent growth. The turnover of the American restaurants increased by 8.1 percent, and that of the international chain by 8.3 percent, while the global turnover of units operating in the franchise system increased by 10.5 percent. Global total revenue rose 11 percent to $6.69 billion, beating analysts’ estimates of $6.58 billion.

McDonald’s is constantly expanding its restaurant offer and pampering consumers with innovations. In July, the McRoyal sandwich with jalapenos and bacon cheese was added to the menu, and in September, the popular chicken option of Spicy Chicken McNuggets returned.