McDonald's reported better-than-expected earnings and revenue for the first quarter of 2023, with net sales rising 4 percent to $5.9 billion and all three divisions reporting same-store sales growth of 12.6 percent. McDonald's earned $2.63 per share adjusted compared to the $2.33 expected. Despite rising menu prices, McDonald's US traffic rose for the third consecutive quarter. During times of economic uncertainty, fast-food chains like McDonald's tend to perform well as consumers opt for cheaper meals. The fast food chain also saw stronger-than-anticipated sales in its international markets, including the UK, France, Germany, and Australia, which beat expectations for same-store sales growth.