McDonald’s announced that it had topped Wall Street estimates for the fourth quarter as it raised meal prices, despite the latest warnings that inflationary pressures would persist into this year.
The fast-food chain said it is still aiming to build new restaurants to boost business as part of its new strategy, which the company says will add nearly 1.5 percent to its total sales growth in 2023, according to CEO Chris Kempczinski during an earnings call on Jan. 30, Reuters reported.
However, he did not rule out future layoffs, as it looks to review corporate staffing levels, while expanding in other areas.
“We will look to our strategy and our values to guide how we reach those decisions and support every impacted member of the company,” Kempczniski wrote to staff, adding that McDonald’s would announce the final decisions by April 3, according to Reuters….