McDonald's Closing Hundreds of Stores in US & Asia
https://www.youtube.com/watch?v=G_d1fD_lH0g Eat to Live by Talib Kweli
If this is not a BIG INDICATOR as to how things are going IDK what is! This just may be bigger than ENERGY STOCKS going down bcuz WE ALL gotta EAT!!!!!!!! Please note that this article is from April & know that as hard as it may be for some of y'all to see, the PEEPO have SPOKEN as these FAST FOOD OUTLETS have been EXPOSED as serving FRANKENFOOD! Who amongst US can deny this as WE are now in the DIGITAL AGE where INFO is at the touch of a button? Recently saw the Black Dot & he was talking about a new way of BOYCOTTING wherein WE stop buying from coca cola but support pepsi with the INTENT of getting at pepsi after coke gives US what WE want. What say y'all? Anyhoo......check this lil article out that spells DOOM for ya fave MURDER BURGER! Please, get as HEALTHY as possible bcuz WE gonna need it! WAAAAAAAAAAAARRRRRRRRRR is on the HER(U) RISING so let's get it!
McDonald's announced Wednesday that it is closing hundreds of restaurants around the world – half of those in the United States, China and Japan – as the fast food giant tries to rebound from financial losses sustained around the globe.
The fast food chain is targeting 700 poor performing restaurants for closing this year, according to a McDonald's news release in which it reported losses not only in the United States, but in Europe and Asian as well.
First quarter comparable sales in the United States decreased 2.6 percent and operating income for the quarter fell by 11 percent, according to the company. First quarter comparable sales in Europe declined 0.6 percent while operating income tumbled 20 percent.
"APMEA's first quarter comparable sales decreased 8.3 percent primarily due to the impact of prolonged, broad-based consumer perception issues in Japan, along with negative but improving performance in China," said McDonald's about its Asia market. "For the quarter, APMEA's operating income declined 80 percent … due to strategic restaurant closings and other charges and negative operating performance in Japan and China."
https://www.youtube.com/watch?v=VkoqS2qh0JY LifeRegenerator by KRS1
Bloomberg Business reported that McDonald's Holding Co. in Japan would likely lose $318 million this year and sales were expected to drop 10 percent. Along with the store closing in Japan, the company had hoped to revamp 2,000 others over the next several years.
McDonald's Holding president Sarah Casanova said she would take a 20 percent pay cut over the next six months and other directors would take 15 percent salary cuts in the transition as 100 jobs would be lost in Japan.
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