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-0.000640692158334616 -0.0010547705215356 -0.00101712703397191 7.45341053760741E-05 -0.00715301550685842 -0.00671371600698966 -0.00463090184008905 -0.00463090184008905
Stock impact report

McDonald's tops profit estimates, warns short-term inflation to persist [Reuters]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: Reuters
Shares of the burger chain fell about 2% at $264.65 in premarket trading after gaining about 6% in the last 12 months. Investors are watching bellwethers like McDonald's for any sign consumers are cutting spending to help determine whether the Federal Reserve's monetary tightening will help cool the U.S. economy without causing a recession. The Big Mac maker also expects its accelerated plan to build more new restaurants will boost business, contributing nearly 1.5% to its 2023 systemwide sales growth in constant currencies. Like other fast-food chains, Chicago-based McDonald's raised prices of its burgers and fries last year to keep up with surging commodity and labor costs and it forecast margin growth this year. Chief Executive officer Chris Kempczinski told investors those short-term inflationary pressures will persist in 2023. Even so, traffic rose 5% for full-year 2022, McDonald's disclosed on Tuesday, as its meals remained less expensive than many competitors, drawin Show less Read more
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