McDonald's tracking inflation impact

NEW YORK, July 26 (AFP): McDonald's reported lower profits Tuesday following the hit from its Russia withdrawal, as it keeps a close eye on restaurant traffic amid rising consumer inflation.
The US restaurant chain scored higher comparable sales in most major markets except China, where Covid-19 restrictions hit sales.
This included a strong performance in Europe, where the chain highlighted France and Germany as especially robust markets.
However, Chief Executive Chris Kempczinski cited surveys showing weakening consumer sentiment as a source of unease.
"The headline is Europe is doing very well for us," Kempczinski told analysts on a conference call.
"What is weighing on our mind is consumer sentiment," he said, adding that the company is pondering how heavily to "lean in" to value offerings in Europe.