McDonald’s Ends 2021 Strong Despite Rising Prices

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.