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Is McDonald's Stock a Buy for 2023?

TheMotleyFool

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Is McDonald's Stock a Buy for 2023?: https://g.foolcdn.com/editorial/images/717565/friends-eating-burgers-and-fries-and-have-fun-in-outdoor-restaurant.jpg

Shares of McDonald's (NYSE: MCD) performed well in 2022, beating a down market thanks to solid demand in the fast-food industry. The chain enjoyed higher customer traffic in most markets and was mostly able to pass along higher costs by raising menu prices.

Currency exchange rates hurt earnings, to be sure, but its huge scale helped Mickey D's stay ahead of rivals like Chipotle (NYSE: CMG).

The year ahead will bring different challenges, though. Some of those will be clear from the company's upcoming earnings report in late January. With that backdrop in mind, let's see if McDonald's still looks like an appetizing stock to keep in your portfolio for 2023.

Source Fool.com

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