McDonald's CEO concerned about U.S. meat supply as fast-food chain announces 17 percent earnings drop

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 52%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

McDonald's has a seen a 3.4 percent decline in global sales.

McDonald's chief executive called the status of the United States meat supply"concerning" Thursday as he announced a profit drop of 17 percent for the fast-food chain.

"The great thing about our supply chain team, our suppliers, is globally we have not had a single supply chain break. Food, packaging, other materials – we haven't had a single supply chain break throughout this crisis in all 40,000 of our restaurants. That said, the U.S.

McDonald's saw a 17 percent drop in net income in the first quarter due to the novel coronavirus pandemic, which led a quarter of its restaurants to close around the globe. "Following our strong performance in 2019, McDonald's began 2020 with exceptional global momentum, and our January and February sales were reflective of that trend. Since then, the global crisis caused by the COVID-19 pandemic has significantly disrupted our business, and we continue to operate in a very challenging and unpredictable environment," Kempczinski stated in the

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

What a bummer. McDonalds is worried about earnings dropping.

Like mcdonalds uses real meat.. 🤣🤣

a lot of their employees dont wear gloves from what ive seen and its prolly mot good optics and i doubt they had that good of a reputation for sanitation before this

so what...have some Moscow-Mitch

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 468. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Affirm CEO Max Levchin explains sales increase, growth opportunities - Business InsiderBuy now, pay later startup Affirm is seeing a surge in demand. Here's why CEO Max Levchin is eyeing expansion as other fintechs are in survival mode. Always end the day with a positive thought. No matter how hard things were, tomorrow's a fresh opportunity to make it better.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »