Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries McDonald’s customers still ‘lovin it’ despite price hikes By: FOX Business April 25, 2023 at 11:28 AM EDT McDonald's customers kept at it last quarter despite inflation and higher prices at the fast food giant. McDonald's customers remained loyal even as inflation forced the fast-food restaurant to raise menu prices.McDonald’s reported $2.63 a share on sales of $5.9 billion over the first quarter, beating Wall Street’s expected earnings of $2.33 a share on revenue of $5.59 billion.Looking ahead, the burger chain said it expects short-term inflationary pressures to continue in 2023, after temporarily closing its U.S. offices and beginning to cut corporate jobs in early April, the Wall Street Journal reported. MCDONALD'S SHARES HIT ALL-TIME HIGHTHESE ARE 4 CHANGES MCDONALD'S IS MAKING TO ITS BURGER TO STAY NUMBER ONEStill the stock is hovering near record levels and has gained 11% this year. Comparable-store sales increased nearly 12.6% for the quarter, beating analysts’ estimates of 8.7%.MCDONALD'S TO TEMPORARILY OFFER BIG MAC SAUCE FOR DIPPING OPTIONIn an interview with FOX Business, Peter Klayman, VP of Business Strategy at Bottle Rocket, said "McDonald’s’ encouraging earnings are also a result of their investment in digital capabilities such as mobile ordering and loyalty programs.""They’re now able to provide customers with more personalized and convenient ways to access food, offers and experiences which in turn increases their overall engagement and sales," he added. "With 40 million downloads of their app in the U.S. last year, more than the combined downloads of the second, third, and fourth brands, McDonald’s is well-positioned to gain market share as competition intensifies in the casual dining sector due to recession fears and inflation worries."CLICK HERE TO GET THE FOX BUSINESS APP Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
McDonald’s customers still ‘lovin it’ despite price hikes By: FOX Business April 25, 2023 at 11:28 AM EDT McDonald's customers kept at it last quarter despite inflation and higher prices at the fast food giant. McDonald's customers remained loyal even as inflation forced the fast-food restaurant to raise menu prices.McDonald’s reported $2.63 a share on sales of $5.9 billion over the first quarter, beating Wall Street’s expected earnings of $2.33 a share on revenue of $5.59 billion.Looking ahead, the burger chain said it expects short-term inflationary pressures to continue in 2023, after temporarily closing its U.S. offices and beginning to cut corporate jobs in early April, the Wall Street Journal reported. MCDONALD'S SHARES HIT ALL-TIME HIGHTHESE ARE 4 CHANGES MCDONALD'S IS MAKING TO ITS BURGER TO STAY NUMBER ONEStill the stock is hovering near record levels and has gained 11% this year. Comparable-store sales increased nearly 12.6% for the quarter, beating analysts’ estimates of 8.7%.MCDONALD'S TO TEMPORARILY OFFER BIG MAC SAUCE FOR DIPPING OPTIONIn an interview with FOX Business, Peter Klayman, VP of Business Strategy at Bottle Rocket, said "McDonald’s’ encouraging earnings are also a result of their investment in digital capabilities such as mobile ordering and loyalty programs.""They’re now able to provide customers with more personalized and convenient ways to access food, offers and experiences which in turn increases their overall engagement and sales," he added. "With 40 million downloads of their app in the U.S. last year, more than the combined downloads of the second, third, and fourth brands, McDonald’s is well-positioned to gain market share as competition intensifies in the casual dining sector due to recession fears and inflation worries."CLICK HERE TO GET THE FOX BUSINESS APP