McDonald’s Raises Prices and Beats 3rd Quarter Targets, But Is This Strategy Sustainable?

By |2023-12-07T19:49:14+00:00October 30th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Hot Stocks|Tags: , , , , , |

McDonald’s (MCD) started the week with a bang releasing results from its 3rd quarter. The company beat analysts' estimates through a series of price hikes to give sales a much-needed lift. That being said, there is concern that customers won’t tolerate these prices in the long term. The fast food chain reported revenue of [...]