The fast food restaurant chain McDonald’s obtained a profit of 7 thousand 545 million dollars in 2021, 59% more than the previous year, driven by the recovery from the COVID-19 pandemic and the increase in the prices of its menus.
According to a statement released Thursday, the accumulated turnover of the multinational increased by 21% in the year and stood at 23 thousand 223 million dollars, as a result of the global increase in sales in the United States and, especially, in the international markets where it operates.
The company said that comparable sales in its US stores achieved the highest growth reported so far, of 13.8% year-over-year, and also mark the seventh consecutive year of increase.
Operating expenses rose 8% in 2021, but in the last part of the year the increase was notable, 14%, coinciding with the increase in inflation and the higher cost of wages to attract and retain workers.
“Although 2021 was a year of continuous challenges around the world, the system McDonald’s came together with unparalleled dedication and achieving truly exceptional results,” said CEO Chris Kempczinski.
In the fourth quarter, McDonald’s improved its earnings by 19%, to 1,638 million dollars, while its revenues increased by 13%, to 6 thousand 009 million, also with better figures in all business segments.
In the US, he stressed that customers have spent more money on their visits to the chain due to “strategic price increases in the menus”, to which were added promotions at the McRib or the Crispy Chicken Sandwich, and the use of the loyalty program.
Between October and December, in addition, the company recorded a provision of 54 million for the sale of its artificial intelligence development business McD Tech Labs to IBM and profits of 142 million for the sale of shares of the McDonald’s franchise in Japan.
The results were met with a lukewarm reception on Wall Street, with McDonald’s shares down more than 2% in pre-open electronic trading. In the last year, it has appreciated almost 21% on the stock market.