McDonald's tops profit estimates, draws low-income customers - 28 octombrie 2022

McDonald's Corp (US.MCD) beat quarterly comparable sales and profit estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals.

The company's shares rose 3.5% to $265.69.

Like other fast-food chains, McDonald's raised prices of its burgers and fries to keep up with surging commodity and labor costs.

Its U.S. menu prices rose over 10% in the third quarter ended Sept. 30 versus the prior year. Visits to the Chicago-based chain's U.S. restaurants increased 6.2% in September, outpacing traffic to the broader quick-service restaurant space which rose just 0.8%, according to data from Placer.ai, a location analytics firm.