McDonald’s sales increase thanks to higher prices and chicken sandwiches
Last year, sales at US stores open for at least 13 months rose 13.8%, the biggest annual increase since McDonald’s began reporting comparable sales in 1993, the company said. know on Thursday.
McDonald’s, along with other restaurants, raised prices as inflation increased.
McDonald’s said that its results “benefited from fewer restaurant closures and reduced Covid-related government restrictions compared with the previous year.”
But internationally, sales are still affected by the pandemic.
In China, sales at stores open for at least 13 months fell in the third quarter due to the resurgence of the virus, the company said. In Australia, sales were flat for the quarter due to Covid-related government restrictions. Sales increased in international markets with fewer pandemic-related restaurant closures, such as France, the UK, Italy and Germany.