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McDonald’s Earnings Beat Profit Estimates Despite Growing Inflation

View Source | October 28, 2022 2:30 am

  • Recently, the fast-food chain has raised its burgers and fries prices to match rising labor and commodities costs; however, demand was steady as McDonald’s remains cheaper than competitor dine-in restaurants.
  • In the United States, McDonald’s comparable sales rose by 6.1 percent, marking the ninth consecutive quarter of growth.
  • Meanwhile, comparable international sales increased by 10 percent as prices for the chain’s iconic Big Mac rose.
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