🇺🇸 McDonald’s losses due to the termination of work in Russia and Ukraine amounted to $127 million.
This is 2.5 times more than expected.
According to the company’s report for the first quarter of 2022, $27 million was spent on rent payments, salaries for employees of temporarily closed outlets, as well as payments to suppliers.
In addition, McDonald’s has written off $100 million worth of food stocks, which are likely to deteriorate. At the same time, the company noted that this expense item may increase further.
In total, according to the report, according to the results of the first quarter, the profit of the American fast food chain fell by 28% compared to the beginning of last year.
WtR