
Canadian Mortgage
October 29, 2023McDonald's beat expectations in its third quarter results
Amid rising food prices, McDonald's attributed its success to a combination of new menu offerings and sustained demand for more affordable food options. Despite price increases in the food industry, the company's size and efficiency have allowed it to maintain competitive prices. It is worth noting that McDonald's strategy to review its history of popular food has been effective in attracting customers.
Comparable global sales rose 8.8 percent, beating analysts' expectations. The company's reputation for value, affordability and stability is expected to boost sales in the coming months. Additionally, lower prices for proteins and vegetables helped total restaurant profit rise 12 percent to $3.84 billion, prompting an upward revision to full-year margin expectations to 46 percent.



