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McDonald’s earns 63% more through March and highlights strong demand

The multinational fast food restaurant McDonald’s closed the first quarter of 2023 with a net profit of 1,802.3 million dollars (1,630 million euros), which represents an increase of 63% compared to the same period of 2022, according to the account of results that the company has published this Tuesday.

“In the midst of a challenging operating environment, customer demand for the McDonald’s brand remains strong,” said Chris Kempczinski, McDonald’s Chairman and CEO.

In this sense, revenues in the quarter totaled 5,897.8 million dollars (5,335 million euros), 4% more than a year earlier in absolute figures and 12.6% more in organic data.

Revenue from own restaurants fell 3% between January and March, to 2,224.3 million dollars (2,012 million euros), while those from commissions and fees charged to franchisees increased 10%, to 3,587 .5 million dollars (3,245 million euros).

“Our strong first quarter results demonstrate that our ‘Accelerating the Arches’ strategy is working, as comparable sales grew 12.6% through a healthy balance between strategic menu price increases and traffic growth” Kempczinski said.

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