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McDonald’s Sales Beat on Price Hikes, Value Menu Offerings

  • US results top expectations; guest counts were relatively flat
  • Some lower-income consumers are trading down to value items
McDonald's
Photographer: Luke Sharrett/Bloomberg
Updated on

McDonald’s Corp. reported sales that topped estimates as consumers continue eating out despite higher prices. 

The closely watched measure of same-store sales rose 9.7% in the second quarter compared with a year ago, the company said Tuesday. Analysts were looking for a gain of 7.5%, according to data compiled by Bloomberg. Sales at US stores open at least a year climbed 3.7%, also beating expectations.