The quarterly profits of McDonald's restaurant chain fell sharply during the second quarter of this year as a result of the decline in sales due to the closings related to the Corona pandemic.
According to Arabia Net, the giant company incurred a decline of 68% in its profits to reach 483.8 million dollars, after its revenues fell by about 30% to 3,8 One billion dollars.
Sales declined in all major markets for the fast food giant, but the United States market outperformed other regions because of the two services demand while driving and receiving food without eating it in the restaurant, which continued Even as catering services stop in.
Sales have improved during this quarter in the United States and some international markets, with different governments lifting the closure procedures and resumption of more economic sectors.
We have helped our strong presence through demand service while driving and the investments we have made in the delivery service and the digital service over the past few years well, ”said CEO Chris Kempeszenxi. During this turbulent stage.
He continued to see a continuous improvement in our returns during the second quarter with the reopening of markets around the world.
McDonald's announced last week that it would start requiring its customers to place masks in American restaurants beginning August 1 and would halt its plan to reopen more of its restaurants in the United States as the incidence of increased cases With the emerging coronavirus.
The giant said that it had reopened about two thousand restaurants in the United States with a reduced capacity, which is approximately 15% of the total number of restaurants in the company’s domestic market. p>
The company’s shares fell 2.4% to $ 196.51 in Tuesday's operations before the stock markets opened.
(Fun Knowledge of Knowledge)
