Earnings Results: McDonald’s profit climbs 63% as consumers absorb higher prices

April 25, 2023

McDonald’s Corp.’s stock fell 0.7% Tuesday from recent record highs after the fast-food giant reported first-quarter results that rose above expectations, helped by higher menu prices and increased traffic.

“Amidst a challenging operating environment, customer demand for McDonald’s brand remains strong,” said McDonald’s CEO Chris Kempczinski.

McDonald’s…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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