Business
McDonald’s profits plunge while Macca’s deliveries in Australia spike – NEWS.com.au
McDonald’s profits plunge while Macca’s deliveries in Australia spike
McDonalds has revealed massive losses to its global business inflicted by the coronavirus pandemic, with profits plunging nearly 70 per cent over the year.The result is a sobering reminder that even the world’s biggest brands are exposed to the financial crisis ahead of the earnings reporting season kicking off in earnest next week for Australia’s publicly listed companies.
In the update to investors overnight, Macca’s said it plans to position its US business to cater for the cash-strapped pop…
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