By The Chicago Times Business Staff
January 27, 2022
CHICAGO – McDonald’s finishes strong for 2021 despite rising meat prices.
The Chicago based fast food giant announced that same-store sales rose 12.3% for the quarter, which was about 10% higher than Wall Street expected. US same-store sales increased 7.5%, which McDonald’s claims was helped by limited-time menu items like the McRib or the once vaunted McJordan. McDonalds has warned that US prices would be 6% higher 2022.
McDonalds reported that revenue increased 13% to $6 billion despite coronavirus restrictions in Asia. The Chicago company reported adjusted earnings of $2.23 per share.