McDonald’s is having a good time at the bottom of the price food chain. alpgomez
said that same-store sales rose 12% year-over-year in the last three months of 2022. Overall revenue fell 1% thanks to currency swings, but operating income increased 8%. Even as consumers feel the pinch, the $198 billion company run by Chief Executive Chris Kempczinski has more pricing power than more expensive options – after all, diners don’t have many cheaper places to go than McDonald’s.
The cost of food at home rose 11.8% in 2022, outpacing the 8.3% rise in the price of food away from home, according to the
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