Higher prices and general unease about the economy didn’t keep customers away from McDonald’s in the third quarter, with the burger giant reporting a stronger-than-expected sales and profits.
McDonald’s Chief Financial Officer Ian Borden — who was promoted to the role last month — said U.S. prices were 10% higher than last year in the July-September period. But while some lower-income consumers appeared to shift to cheaper menu items, overall demand remained strong.
