Home » Business » “McDonald’s Q1 2023 Earnings: Net Profit Increases by 1.6 Times and Operating Profit Rises 14%”

“McDonald’s Q1 2023 Earnings: Net Profit Increases by 1.6 Times and Operating Profit Rises 14%”

McDonald`s in the first quarter increased its net profit by 1.6 times, to $ 1.8 billion, follows from the reporting (pdf). The company’s diluted earnings per share rose to $2.45 from $1.48 in 2021. Adjusted earnings per share were $2.63.

The fast food restaurant chain’s operating profit rose 14% to $2.532 billion. Revenue increased 8% to $5.897 billion. McDonald’s worldwide comparable sales rose 13% in three months.

The American network in May, 2022 announced leaving the Russian market. McDonald`s assets were bought by entrepreneur Alexander Govor, who managed 25 McDonald`s restaurants in Siberia under a franchise. The network in the Russian Federation was renamed “Vkusno – and that’s it”, its first restaurants in Russia opened in June of the same year. By March 2023, the Russian network also fully restored the delivery geography. The revenue of Vkusno – and that’s the point in 2022 decreased by 2.3%.

Laura Keffer

2023-04-25 11:59:41
#McDonalds #net #profit #grew #times #quarter #Kommersant

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