McDonald's, Kraft Heinz And Coca-Cola Post Higher Earnings

Consumers shrugged off price increases from three of the largest global food and beverage corporations, helping them bolster their bottom lines in the third quarter, Gray Beltran reported for the New York Times.

Photo Insert: McDonald's, Marianna, Jackson County, Florida

Coca-Cola, McDonald’s, and Kraft Heinz all reported quarterly earnings on Wednesday that were better than expected, despite continuing challenges with the global supply chain and pandemic restrictions in many parts of the world.

The enormous scale of each business, as well as their ability to pass on price increases to consumers, appears to have helped them during a time of uncertainty, Beltran stressed.

McDonald’s reported a sales increase of 12.7 percent compared with the same quarter last year.

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