Higher menu prices and customer visits boosted McDonald’s Corp. quarterly profit and sales above Wall Street estimates on Tuesday, but shares fell when the burger chain warned inflation will weigh on margins in 2023.
“Overall, the consumer, whether it’s in Europe or the U.S., is actually holding up better than ... what I would have expected a year ago or 6 months ago,” Chief Executive Officer Chris Kempczinski said during a call with investors, Reuters reported.
