McDonald`s net profit grew 1.6 times in the first quarter – Kommersant
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McDonald`s in the first quarter increased its net profit by 1.6 times, to $ 1.8 billion, follows from the reporting (.pdf). The company’s diluted earnings per share rose to $2.45 from $1.48 in 2021. Adjusted earnings per share were $2.63.
The fast food restaurant chain’s operating profit rose 14% to $2.532 billion. Revenue increased 8% to $5.897 billion. McDonald’s worldwide comparable sales rose 13% in three months.
American Network in May 2022 announced about leaving the Russian market. McDonald`s assets were bought by entrepreneur Alexander Govor, who managed 25 McDonald`s restaurants in Siberia under a franchise. The network in the Russian Federation was renamed “Vkusno – and that’s it”, its first restaurants in Russia opened in June of the same year. By March 2023, the Russian network is also completely restored delivery geography. Revenue “Vkusno – and that’s it” in 2022 decreased by 2.3%.
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