McDonald’s profit fell 28% in the first quarter of 2022

McDonald’s exceeded expectations of market results in the first trimester thanks to price increases in its menus and despite costs of 127 million dollars linked to the suspension of its activities in Russia.

The fast food chain had an increase in its turnover of 11% in the first quarter over the same period last year, to 5.7 billion dollars.

The sales in the United Statesits most important market, rose 3.5%, thanks to “strategic price increases on the menu”, advertising campaignsand the growth of online sales.

The firm faces an increase in costs from raw Materials like chicken and beef. He also raised his salary a bit.

Abroad, sales increased even more, with differences depending on the restrictions due to Covid in each country.

The company’s net profit in the period considered, however, fell 28% to 1.1 billion dollars.

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