McDonald’s global sales increase by 13% in Q1

Fast food giant McDonald’s reported that sales increased nearly 13% for the quarter ended in March 2023, both globally and across each segment.

Digital Systemwide sales in the top six markets, including the UK, were nearly $7.5bn (£6bn) for the quarter, representing almost 40% of the Systemwide sales. 

Systemwide sales include sales at all restaurants, whether operated by the company or by franchisees. This includes sales from digital channels, which are comprised of the mobile app, delivery and kiosk at both company-operated and franchised restaurants. 

Consolidated revenues for the group increased 4% to $5.8bn (£4.6bn) while consolidated operating income increased 10% to $2.5bn (£2bn).

Chris Kempczinski, McDonald’s president and chief executive officer, said: “Our strong first quarter results demonstrate that our Accelerating the Arches strategy is working, as comparable sales grew 12.6% through a healthy balance of strategic menu price increases and positive traffic growth.

“Running great restaurants is fundamental to our business momentum. We have refocused on operational excellence through our global Performance and Customer Excellence (PACE) initiative, and we’ve seen significant customer satisfaction improvement around the world. Amidst a challenging operating environment, customer demand for McDonald’s Brand remains strong.”