McDonald’s beat Q4 estimates on high menu prices and digital sales

McDonald’s has reported fourth-quarter earnings results that beat Wall Street’s expectations.

McDonald’s was propped by increased higher menu prices, guest counts, and marketing efforts.

In the year ahead, the company looks to open new restaurants and expects inflation pressures to continue.

McDonald’s reaped $5.93 billion, beating the $5.75 billion consensus. The company’s earnings per share came in at $2.59 versus the $2.44 expected.

In the fourth quarter, digital sales in its top six markets totaled $7 billion for the quarter, accounting for more than 35% of total sales.

In the U.S., same-store sales were up 10.3% last quarter, compared to 7.5% in the same quarter in 2021.

International markets saw sales increase by 12.6%, a slowdown from the 16.8% growth in comps seen in the same quarter last year.

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