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%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessInsider - 🏆 729. / 51 Read more »