Title: StockWatch: McDonald’s and Starbucks Begin Closing Stores!
Post by: PocketOption on Mar 09, 2022, 11:10 am
Post by: PocketOption on Mar 09, 2022, 11:10 am
StockWatch: McDonald's and Starbucks Begin Closing Stores!
Source: StockWatch: McDonald's and Starbucks Begin Closing Stores! (https://www.orbex.com/blog/en/2022/03/stockwatch-mcdonalds-and-starbucks-begin-closing-stores)
McDonald’s and Starbucks are shutting their restaurants and cafes in .
Globally, most McDonald’s locations are operated by franchise operators. But that’s not the case in , where the company operates 84% of locations.
With the share price sinking since the announcement, how detrimental will this loss of income hit the fast-food giant?
Timestamps:
- MCD 02:00
- SBUX 03:25
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Source: StockWatch: McDonald's and Starbucks Begin Closing Stores! (https://www.orbex.com/blog/en/2022/03/stockwatch-mcdonalds-and-starbucks-begin-closing-stores)