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