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McDonald’s saw a drop in profits over the last year as more and more families opt to eat at home to save ... The fast-food giant reported a 12 percent drop in net income from June 2023 to June 2024.
Earlier, the research firm Gordon Haskett cut its estimate by 5% in 2022 to $9.75 a share and by 3% for 2023 to $10.66 a share. Wall Street cuts McDonald's profit estimates on Russia costs Skip to ...
The stretch of strong quarters for McDonald's continued into the start of 2023. McDonald's first quarter same-store sales rose 12.6% both in the US and internationally.
Country of origin Name Number of locations Revenue 1 China Mixue Ice Cream & Tea: 45,000 (2024) [1]: 168 RMB13.6 billion (2021) [1]: 247 : 2 United States McDonald's ...
McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees), the majority of whom work in the restaurant's franchises. [20] [21] McDonald's has been subject to criticism over the health effects of its products and its participation in various legal cases.
The updated growth plan followed McDonald’s announcement earlier this year to add 1,900 new restaurants in 2023, including 400 in the US, marking the company’s first big push to up its US ...
Christopher John Kempczinski was born in Boston, [2] and raised in Cincinnati, Ohio. [3] He is the son of Richard Kempczinski, who was Professor of Surgery and Chief of Vascular Surgery at the University of Cincinnati Medical Center, [4] and Ann Marie Kempczinski (née Campbell), who was a primary school teacher at Terrace Park Elementary in Cincinnati, Ohio. [5]
McDonald's profit slides 12% as customer spending weakens; same-store sales fall globally for the first time since 2020.