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McDonald’s Profit Takes Hit From Labor, Commodity Costs

  • Company pressured by worker shortage, supply-chain issues
  • China comparable sales were negative on Covid outbreaks
Workers prepare food orders inside a McDonalds Corp. restaurant.

Workers prepare food orders inside a McDonalds Corp. restaurant.

Photographer: Andrey Rudakov/Bloomberg
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McDonald’s Corp. shares slumped after earnings for the fourth quarter came in below estimates, weighed down by staffing struggles and supply-chain snags.

The burger chain said Thursday that profit excluding some items was $2.23 a share last quarter, below the average analyst estimate of $2.34. Operations are being hurt by pandemic restrictions in key markets such as China, Germany and France, on top of significant cost increases.