Higher menu prices help McD’s boost 3Q earnings
October 27, 2022
McDonald’s reported a six percent gain in same-store sales during the third quarter after raising menu prices in the eight to nine percent range. The fast food giant credits its Camp McDonald’s promotion that featured deals, merchandise and streaming concerts with driving increased traffic during the quarter.
Recent News
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.
Spotify Discreetly Shifts Lyrics Behind a Paid Subscription
Spotify has supposedly scoped out a new method to shift its free users behind a paywall.