Despite price increases, the chain still remains a top moneymaker.
McDonald's prices are up by 8%.McDonald's prices are up 8% over this time last year—but yet, despite price increases, the chain still remains a top moneymaker.
Even further, the chain reported that sales were up 3.5% for the first quarter of 2022 over the previous year. This is despite the fact that nearly half of consumers plan to reduce spending on dining out due to price increases, according to survey data. Chief Financial Officer Kevin Ozan explained in an earnings call last week that there's one thing that has been increasing to explain this trend."Food at home has been increasing even more than food away from home, so that's probably been a little benefit to us also," he told investors in the call.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
14 Ways McDonald’s Food Has Become Healthier in the Last Decade — Eat This Not ThatWhile McDonald's complicated track record when it comes to food quality, here are some of the biggest positive changes the company has made.
Read more »
This is the Best Burger at McDonald's — Eat This Not ThatWondering which burger is the cream of the crop at the Golden Arches? We tested eight McDonald's burgers, and this one is by far the best.
Read more »
Why the Internet Thinks Lea Michele Can’t ReadAnd the other reasons why she won’t stop trending.
Read more »
Fountain Soda Is Much Worse For You Than Regular Soda—Here's Why — Eat This Not ThatUnlike bottled and canned soda, fountain soda is made behind the scenes at fast-food chains—and its ingredient ratio varies greatly.
Read more »
How to Remove a Tick Head the Right WaySome traditional methods you’ve been taught may not be your best option.
Read more »
A’s send Oller to Triple-A, two more will leave roster MondayA’s right-handed starter Adam Oller sent to Las Vegas; rosters reduced to 26 on Monday.
Read more »