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Fast food chain McDonald’s Corporation (NYSE: MCD ) on Tuesday reported an increase in adjusted earnings for the fourth quarter of 2022 while profits remained unchanged.
The company said fourth-quarter adjusted earnings rose 16% to $2.59 per share from $2.23 per share in the same period in 2021. Unadjusted earnings rose to $1.90 billion or $2.59 per share in the December quarter from $ 1.64 billion or $ 2.18 per share a year earlier.
Global comparable store sales rose 12.6% year over year. At $5.93 billion, fourth quarter net revenue was broadly unchanged year over year.
Check out this space to read management/analyst commentary on McDonald’s Q4 2022 earnings
“While we expect short-term inflationary pressures to continue into 2023, we remain very confident in Accelerating the Arches, which now includes a greater emphasis on new restaurant openings,” said McDonald’s CEO Chris Kempczinski.
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