McDonald’s operating profit shrinks in 2022
15:00 JST, February 9, 2023
TOKYO (Jiji Press) — McDonald’s Holdings Company (Japan) Ltd. said Wednesday that its consolidated operating profit fell 2.1% in 2022 from a year before to ¥33.81 billion due to higher costs.
The company raised prices due to soaring materials costs and a weak yen, but this was not enough to make up for the increased costs.
Sales at all restaurants increased 10.1% to ¥717.5 billion, topping ¥700 billion for the first time, thanks to the strength of delivery services and the price hikes.
"Business" POPULAR ARTICLE
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
JR East Eyes Freight-Only Cars for Shinkasen Trains as Japan Logistics Industry Suffers from Labor Shortage
-
JR East Employee in His 70s Earns Doctorate on Safe Train Operations; Believes Accidents Caused by Human Error Can Be Reduced
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japan Makes Taxi, Bus Driver Jobs More Obtainable for Foreigners; Paper Exams Now Offered in 20 Languages
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!