Freitag, 29. März 2024

Global Industry: McDonalds Reports FY 2020 Results

Bremerhaven. (bm) Looking at the fourth quarter 2020, McDonald’s Corporation delivered its strongest quarter of the year, recovering nearly 99 percent of fourth quarter 2019 global comparable sales. Looking at the whole year 2020, global comparable sales declined 7.7 percent. Consolidated revenues decreased 10 percent and systemwide sales decreased 7 percent. Consolidated operating income decreased 19 percent (20 percent in constant currencies) and included USD 268 million of net strategic gains. Excluding these items, operating income decreased 23 percent (23 percent in constant currencies), when also excluding USD 74 million of net strategic charges from the prior year. Other topics of the week:

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