McDonald's net income rises in fourth quarter 2022


By Xu Jing
  • World
  • Wednesday, 01 Feb 2023

CHICAGO, Jan. 31 (Xinhua) -- McDonald's reported on Tuesday that it raked in 1.9 billion U.S. dollars in net income in the fourth quarter of 2022, up from 1.64 billion dollars a year earlier and higher than market expectations.

Meanwhile, the U.S. fast food giant's net sales fell one percent to 5.93 billion dollars but rose 5 percent when stripping out foreign currency changes.

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