McDonald's reported quarterly U.S. sales that beat Wall Street expectations, helped by higher prices, larger order sizes and newer menu items such as the crispy chicken burger.
Higher U.S. prices and celebrity-themed meals boosted quarterly comparable sales at McDonald's, though the company struggled to keep restaurants open at full capacity amid labour shortages and COVID-19 outbreaks, it reported on Wednesday.
McDonald's has had to push back some new restaurant openings into early 2022 in part because global supply-chain problems made it difficult to get kitchen and tech equipment. That caused new unit development in the United States and some international markets to be "down a little bit" from how many the company had expected to open this year, Kempczinski said.
The Chicago-based company has also raised U.S. prices about 6% versus 2020 to help cover rising commodity and labour costs. Higher prices, combined with larger order sizes, drove sales. The fast-food chain, which has been seeking to grow sales digitally, launched a new loyalty program in the United States that now has over 21 million members enrolled, while also doubling down on advertising.
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