McDonald’s Says Higher Prices Aren’t Scaring Off Diners as Sales Climb

Chain reports 63% jump in quarterly net income, $180 million charge related to layoffs and office closures

McDonald’s is in the midst of a restructuring aimed at making the company nimbler and more efficient. Photo: Justin Sullivan/Getty Images

McDonald’s Corp. said higher menu prices and rising orders for its burgers and other menu staples helped boost sales in its latest quarter.

The burger giant reported $5.9 billion in sales for the three months ended March 31, exceeding the expectations of analysts polled by FactSet. Quarterly revenue increased 4% from the prior-year period and 8% when accounting for the effects of currency fluctuations, the company said. 

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