Published: 2024-05-02 14:34
Photo of Judita Grigelyts (V).
In the US, McDonald’s Corp., the world’s largest fast-food chain, had sales revenue of $6.17 billion in the first three months of the year. USD, net profit 1.93 billion. USD, and the share of the adjusted profit per share is USD 2.70, reports the company.
Wall Street analysts polled by FactSet forecast an average adjusted profit of $2.72 per share, or $6.16 billion. USD hair.
Comparable revenue (restaurants open for more than a year) increased by 1.9%, and in the US alone by 2.5%.
The chain achieved higher comparable sales in the US, where even higher prices contributed to the positive results, as well as abroad: growth in the United Kingdom and Germany compensated for the decline in France.
As the war between Israel and Hamas continues for more than half a year, McDonald’s will face boycotts not only in the Middle East, but also in other Muslim countries such as Malaysia and Indonesia.
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