Can McDonald's Sustain Record Profitability Amid Rising Costs?
McDonald's (NYSE: MCD) is scheduled to report first-quarter 2022 earnings before the markets open on Thursday, April 28. The restaurant brand has done an excellent job rebounding from pandemic-induced closures in 2020 that hurt sales.
McDonald's has meaningfully increased its digital presence, and the move is paying off. Consumers appreciate the added convenience and are demonstrating it with increased spending. As a result, the company reported record profits in fiscal 2021. That said, investors will be watching McDonald's Q1 earnings on Thursday to see if it can sustain the momentum.
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Source Fool.com
