Restaurant Business Daily

Same-store sales rose 4.3% in the U.S., thanks to marketing, operations and its growing loyalty program. But sales came thanks to higher prices rather than traffic. And the chain saw sales challenges in the Middle East.

The company acknowledged that lower-income consumers are eating at home more often, largely because of moderate price hikes at grocers. Here’s how the fast food giant plans to respond.

The Bottom Line: In late 2022, just about every economist was predicting a recession. Instead, we’ve had a strong economy fueled by a resilient consumer.