fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

McDonald’s To Incur Significant Losses Over Russian Store Closures – $MCD $DIA

By John F. Heerdink, Jr.

As per reports, McDonald’s Corporation (MCD) informed that the temporary closure of its 847 stores in Russia will cost the fast-food chain about $50 million a month. A cascade of major American brands, including Starbucks Corp, PepsiCo Inc, and Coca-Cola Co, followed McDonald’s to cease some or all business in Russia following its invasion of Ukraine. McDonald’s, an icon of the post-Soviet era, runs 84% of its Russian locations itself and said it will continue paying all of its 62,000 staff and restaurant employees there. Other costs will come from sites it leases and supply chain operations, informed Chief Financial Officer Kevin Ozan.

“This is a really challenging and complex situation for a global company like us,” stated Chief Financial Officer of McDonald’s, Kevin Ozan


McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
(Read Original Story: UPDATE 1-McDonald's says Russia store closures to cost $50 mln per month in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us