McDonald’s operating profit shrinks in 2022

Yomiuri Shimbun file photo
A McDonald’s outlet is seen in Tokyo.

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.