If this is being done because it's impossible to operate because of supplies and logistics, it's the right thing to do. If it's being done as a way to put political pressure on the Russian government, it's a huge mistake.
McDonald's to temporally close 850 stores in Russia
And if it's being done because the pajama boy wants to be a political player on the world stage it's an even bigger mistake. I don't normally watch MCD shares but it will be interesting to see how shareholders react..
Punishing the Russian people by not letting them eat will have ZERO effect on Putin. Simply Politically correct PANDERING.
""McDonald’s has been active in Russia and Ukraine for decades. Closing operations temporarily will create headwinds to earnings that could continue for years. Case in point, Russian and Ukrainian stores contributed $300M to operating profits in 2021. Shuttering stores will cost McDonald’s $0.08 per quarter in EPS from the closures alone."From Seeking Alphahttps://seekingalpha.com/news/3812170-mcdonalds-is-cut-at-northcoast-research-due-to-russia-ukraine-risk?mailingid=26975323&messageid=2900&serial=26975323.16616&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=26975323.16616#comment-91769491
But will those stores ever "reopen"? It would be a great demonstration of Putin's power for those stores to sit empty forever..
How many of them are franchisee based?
Fifteen percent. Essentially McOpCo..
Are the owner operators participating in paying staff while closed? Is McD still charging Operators Base Rents??
I feel bad for the whole situationbut paying people not to work issomething we do in the USA doubt they do they in USSRwhen our operators & crew were struggling - NOTHINGwill MCD pay for years?does the payment insure theemployee comes back?is everyone getting the same pieceof pie? or is it based on hours work?where on the MCD P&L Will this hit?come out of service fees?did I mention our TEAM is hurting as well? still understand what ishappening - is it the right thingto do ?????is STARBUCKS & others doing thesame give away?giving the money will make CRISa hero in RUSSIA - but is he or does this make good press?could be years before they openlike RICHARD said / pay for years?
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