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Reuters
McDonald’s sales surge on more visits amid recession threat
(Reuters) -McDonald’s Corp beat Wall Street expectations for quarterly global comparable sales and profit on Tuesday, as more customers visited in every market and from all income groups amid the threat of a recession. Also helped by higher prices for burgers and fries, global comparable sales climbed 12.6%, blasting past analysts’ estimates of an 8.5% rise, according to Refinitiv IBES data. Sales also jumped by 12.6% within each of McDonald’s geographical segments – including Europe, where inflation is more severe than the United States.
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