McDonald's sales soar on higher U.S. prices, newer menu items

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Higher U.S. prices and celebrity-themed meals boosted quarterly comparable sales at McDonald's Corp , though the company struggled to keep restaurants open at full capacity amid labor shortages and COVID-19 outbreaks, it reported on Wednesday.

McDonald's Crispy Chicken Sandwiches and fries are pictured in New York, U.S. March 30, 2021. REUTERS/Hilary Russ

U.S. same-store sales grew 9.6% in the third quarter ended Sept. 30, compared with estimates for 8.27%, according to Refinitiv IBES data. Even so, some pandemic-related restrictions have eased, luring more customers into restaurants. McDonald's crispy chicken sandwich and latest celebrity partnership with rapper Saweetie also boosted sales.

The fast-food chain, which has been seeking to grow sales digitally, launched a new loyalty program in the United States that now has over 21 million members enrolled, while also doubling down on advertising.

Source: News Formal (newsformal.com)

 

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You’d think after this virus people would be more health conscious of their immune system but they’ll consume processed beef without a second thought.

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McDonald’s Sales Rise as U.S. Menu Prices ClimbThe burger giant said that bigger order sizes and higher prices increased its revenue in the U.S., while loosening Covid-19 restrictions overseas helped to boost its international business. Meanwhile their employees can barely live on the disgusting wages they pay. Mangers and executives who make a distortional compensation compared to what frontline workers produce its disgraceful. This origination is nothing less than a entity of economic terrorism. McDonalds should be running the country, they know how to make things work, plus we could have one happy meal a week. McDonalds did well during the pandemic. They kept their washrooms open. Now they need to share that revenue with workers and pay fair taxes.
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