Reuters — McDonald’s Corp. on Monday became one of the biggest global brands to exit Russia, laying out plans to sell all its restaurants after operating in the country for more than 30 years following the invasion of Ukraine. The world’s largest burger chain, which owns about 84 per cent of its nearly 850 restaurants
Golden arches to go dark in Russia as McDonald’s exits after 30 years
Russia, Ukraine form nine per cent of chain's revenue
Price hikes help McDonald’s beat back inflation, costs from Ukraine war
Reuters – Menu price hikes and a new loyalty program helped McDonald’s beat estimates for quarterly sales and profit April 28, despite inflationary pressure on consumers, the war in Ukraine and COVID-19 lockdowns in China. Pinched by higher costs for gas, rent and groceries, lower-income customers are starting to buy cheaper or fewer McDonald’s menu
Cyber-Savvy Farmer
