#Bidenflation: McDonald’s Profits Grow Because It’s All We Can Afford
View Source | January 31, 2023 7:15 am
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- McDonald’s on Tuesday reported that U.S. customers are visiting its restaurants more, helping the fast-food giant top Wall Street’s estimates for its fourth-quarter earnings and revenue.
- Consumers have been trading down from full-service restaurants to Big Macs and McNuggets as they pull back on spending.
- The fast-food giant is expecting that short-term inflation will continue in 2023.
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