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McDonald's profit slides 12% as customer spending weakens; same-store sales fall globally for the first time since 2020.
Shares of McDonald's, a Dow 30 <.DJI> component, fell more than 4% after Wall Street opened. Chief Executive Officer Chris Kempczinski also said he believed the world's largest fast-food company ...
(Reuters) -McDonald's Corp on Tuesday reported comparable sales and profit above market expectations even as expenses soared, as the burger chain benefited from steady online demand, new product ...
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, [1] pronounced / ˈ iː b ɪ t d ɑː,-b ə-, ˈ ɛ-/ [2]) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base.
McDonald's restaurants in China include fried buns and soybean milk on their breakfast menus. [49] In Germany and some other Western European countries, McDonald's sells beer. In New Zealand, until 2020, McDonald's sold meat pies after local affiliate McDonald's New Zealand partially relaunched the Georgie Pie fast food chain it bought out in ...
In some industries, like clothing for example, profit margins are expected to be near the 40% mark, as the goods need to be bought from suppliers at a certain rate before they are resold. In other industries such as software product development, the gross profit margin can be higher than 80% in many cases. [3]
The world's biggest burger chain beat revenue and profit estimates for the third quarter on Monday as customers in the United States ordered more hamburgers and fries in drive-through outlets and ...
(Reuters) -McDonald's Corp missed revenue and profit expectations on Thursday, as higher costs and tepid sales in its over 4,500 restaurants in Australia and China due to pandemic-led curbs ate ...