Salem Radio Network News Saturday, April 1, 2023


McDonald’s Reports Stronger Sales In Fourth Quarter


Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher prices. The company says global same-store sales __ or sales at stores open at least a year __ rose 12.6% in the October-December period. That beat Wall Street’s expectations. U.S. sales soared in October after McDonald’s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market. But McDonald’s warned that higher prices for food, labor and energy will weigh on its operating margins this year, especially in the U.S. and Europe.

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Steve Breen
Sun, Mar 26, 2023