McDonald’s Sales Beat Wall Street’s Estimates in Third Quarter

McDonald’s Corp. sales handily beat expectations as diners proved willing to pay more for their fries and burgers while grappling with inflation in their gas, grocery and energy bills.

The results underscore why McDonald’s feels like it’s in a good position even as clouds gather in the economy. The company is picking up customers as rivals across the industry raise prices. The chain said US guest counts increased in spite of higher menu prices, with online and mobile sales, core items and delivery bolstering performance.