It's time for rapid delivery where you will find below news on McDonald's quarterly results as well as the concerns of players in the Montreal gastronomic scene regarding inflation. Finally, Le British, a popular restaurant in Gatineau, is transforming its restaurant into an event space.
First, McDonald's announced third-quarter results that beat analysts' expectations, mainly in the United States thanks to price increases. Group revenue increased 14% to $6.69 billion, with growth of 8.1% in the United States and 8.3% internationally.
U.S. sales benefited from strategic pricing increases, effective marketing campaigns and continued growth in online sales and shipping. Overseas sales were strong, particularly in the UK, Germany and Canada. Net income rose 17% to $2.32 billion, beating analysts' expectations of revenue of $6.56 billion and earnings per share of $3.
Next, Montreal chef Dyan Solomon expresses concerns about the future of the city's dining scene, which is facing rising costs, including rent, food and labor costs. She points out that independent restaurateurs, emblematic of the local culinary scene, could find it difficult to survive. Solomon sees significant price increases, in the range of 20 to 30 percent, and anticipates a landscape where options between fast food and high-end fine dining establishments will be limited. She is committed to maintaining the quality of her products, but fears that other restaurateurs will compromise quality to keep prices stable. A culinary journalist observes an increase in prices and adjustments such as reduced opening hours, without necessarily a drop in the quality of the dishes. Although financial challenges persist and are not always apparent, Solomon emphasizes that post-pandemic recovery will take time for restaurants.
Finally, the Pub British, a popular institution in Gatineau, more precisely in the Old Aylmer sector, ended its regular activities to transform itself into an event space due to economic reasons, notably the increase in inflation and interest rate. Now the place will host events such as birthday celebrations, weddings, engagements, graduations and performances. Owner Mike Clemann assures that the activities and mission of Café British and Hotel British will remain unchanged despite this transition. At the same time, he expresses his gratitude for the support and loyalty of customers in a message published on the company's Facebook page.
