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Worldwide, the American multinational has more than 39,000 restaurants.
The fast food firm registers 13.6 thousand businesses in the United States.
China has the largest number of McDonald’s restaurants in the Asia Pacific and Middle East regions.
Many international companies have left the Russian market after the war in which the nation of Vladimir Putin invaded Ukraine. One of these brands is McDonald’swhich according to the company’s own data, the exit from Russia in April caused a drop in revenue for the fast-food giant despite the fact that sales in the United States were boosted by higher prices amid rising inflation.
McDonald’s is one of the most prominent and well-known brands in the world, so according to data from its annual reportthe record quick service giant in 2020, the number of restaurants in the United States reached 13.6 thousand.
Likewise, the same report details that in Europe, France, including Monaco, ranked first, with almost 1,500 units. Meanwhile, China had the largest number of McDonald’s restaurants in the Asia Pacific and Middle East regions.
Without a doubt, McDonald’s is one of the main fast food chains in the world, where it presents and wins over its guests with various food menus that are often based on the typical tastes of the nations in which restaurants are registered. Globally, the American multinational has more than 39 thousand restaurants, with a net result of over four million dollars in 2020 and an estimated brand value of approximately 130 thousand, McDonald’s is the undisputed world leader in its sector.
McDonald’s after leaving Russia
McDonald’s exit from Russia in April led to a drop in revenue for the fast-food giant even as sales in the United States were boosted by higher prices amid rising inflation.
According to company data, its overall revenue fell 3 percent to $5.8 billion in the second quarter, largely because McDonald’s closed its company-owned restaurants in Russia and Ukraine after the war broke out.
Likewise, the American company detailed that profits fell by almost half due to a charge of 1.2 billion dollars related to the sale of the Russian business.
Recall that Russia was one of the company’s largest international markets, with McDonald’s reporting that it owned 84 percent of its 847 restaurants in the country.
affected by inflation
At the same time, the fast food company explained that the increases in menu prices drove an increase in 9.7 percent, on comparable global sales, including a 3.7 percent increase in the United States, but excluding stores that closed in Russia.
Also in April, the company said it increased menu prices by an average of 8 percent. On Tuesday, it said some of its low-income consumers who had been buying cheaper menu options last quarter were still doing so now.
“Now we are facing a war in Europe, inflation is reaching the highest levels in 40 years, interest rates are rising to levels we haven’t seen in years,” Chief Executive Chris Kempczinski said on a call with analysts on Thursday. Tuesday.
“All of this is contributing to weak consumer confidence around the world and the possibility of a global recession,” he added.
“The operating environment across the competitive landscape remains challenging. While we are planning for a wide range of scenarios, I am confident our plans and people position McDonald’s to weather this environment better than others,” Kempczinski said in a statement.
After this announcement the shares of the company rose more than three percent around $259 on Tuesday.
McDonald’s is not the only company that is registering declines in its figures for this quarter of the year, since this Monday Walmart also warned that it had lowered its forecasts after the strong impact it has suffered from inflation and the economic crisis in the United States. and the world.
In this sense, the world markets are having a strong impact in the face of the strong economic crisis that is being registered throughout the world due to the past consequence of the Covid-19 pandemic, the war between Russia and Ukraine, and supply problems.
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