The company is looking to launch 1,900 new stores this year and more than 900 of the new units will be in China.
The company reported net income of $1.9bn, or $2.59 per share, for the quarter ended 31 December, up from $1.64bn, or $2.18 per share, in the year-ago period. Net sales fell one per cent to $5.93bn, but increased five per cent in constant currencies.
“While we expect short-term inflationary pressures to continue in 2023, we remain highly confident in Accelerating the Arches, which now includes a greater emphasis on new restaurant openings,” stated McDonald’s President and CEO Chris Kempczinsk. “The recently announced Accelerating the Organization initiative will complement this strategy to enable the McDonald’s System to be faster, more innovative, and more efficient.”
