MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • The 13 reopens as it bets on a golden comeback

  • Coutinho seeks clear definition of rights and duties of robots amid fears of human replacement

  • Silk Road Art Feast: Enchanting Dunhuang Comes to Life Through Culinary Artistry

  • Three colleagues arrested for failing to report found phone

  • Lawmakers warn of traffic crisis in Zone A, call for summer roadworks and universal design

  • Facial recognition clearance extended to Qingmao port and HZMB

BusinessWorld
Home›Business›Surging sales at McDonald’s offsets trouble in China, Russia
The Buzz

Surging sales at McDonald’s offsets trouble in China, Russia

By -
April 29, 2022
37
0
Share:

Higher U.S. menu prices and easing COVID-19 restrictions elsewhere helped McDonald’s offset troubled markets like China and Russia in the first quarter.

Revenue rose 11% to $5.66 billion in the January-March period, topping Wall Street expectations of $5.57 billion, according to analysts polled by FactSet.

The Chicago burger giant announced in early March that it would temporarily close 850 stores in Russia. It continues to pay its 62,000 employees in the country. It also closed 108 restaurants in Ukraine in February and is paying its employees there as well.

McDonald’s has said it expects to lose $50 million per month in sales from the Russian store closures alone.

McDonald’s spent $27 million on salaries, leases and supplier payments in Russia and Ukraine during the quarter. The company also said it has $100 million worth of inventory it will probably dispose of since its restaurants are closed.

Excluding costs in Russia and Ukraine and other one-time items, McDonald’s earned $2.28 per share for the quarter, well ahead of analyst forecasts of $2.17 per share.

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

TagsCovid-19Russiathe buzz
Previous Article

US the one that doesn’t want to ...

Next Article

Americans increasingly see China as a threat

0
Shares

    Related articles More from author

    • World

      The Buzz | Unemployment holds stable

      May 30, 2016
      By -
    • World

      The Buzz | German Cabinet approves some USD472 million in first flood aid

      July 22, 2021
      By -
    • World

      The Buzz | UN food chief: funding and access can avert starvation

      April 28, 2020
      By -
    • World

      The Buzz | Poles to protest bill that would silence US-owned TV network

      August 11, 2021
      By -
    • World

      The Buzz | England eases self-isolation guidelines

      August 17, 2021
      By -
    • World

      The Buzz | Leaning Tower of Pisa continues long path towards vertical

      November 23, 2018
      By -

    • Pandemic

      Covid-19 | Conditions hard for residents in Xi’an partial lockdown

    • Macau

      Private schools to submit annual accounts

    • Asia-Pacific

      Police investigates suicide bombing that killed 12 outside an Islamabad court

    DAILY EDITION

    Friday, June 26, 2026 – edition no. 4979
    Friday, June 26, 2026 – edition no. 4979

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    June 2026
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
    « May    

    Timeline

    • June 26, 2026

      The 13 reopens as it bets on a golden comeback

    • June 26, 2026

      Coutinho seeks clear definition of rights and duties of robots amid fears of human replacement

    • June 26, 2026

      Silk Road Art Feast: Enchanting Dunhuang Comes to Life Through Culinary Artistry

    • June 26, 2026

      Three colleagues arrested for failing to report found phone

    • June 26, 2026

      Lawmakers warn of traffic crisis in Zone A, call for summer roadworks and universal design

    • June 26, 2026

      Facial recognition clearance extended to Qingmao port and HZMB

    • June 26, 2026

      Community consumption scheme boosted spending but lacks long-term incentives, lawmaker says

    • June 26, 2026

      AL introduces AI voice system for lawmakers’ speech translations

    • June 26, 2026

      Melco supports growth through Whole Person Development

    • June 26, 2026

      Calls grow for youth entrepreneurship zones and part-time work protections

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    Silk Road Art Feast: Enchanting Dunhuang Comes to Life Through Culinary Artistry

    Following themes including Chengdu and Xi’an, the “Silk Road Art Feast” series continues its journey along the ancient trading routes with a captivating third chapter: Enchanting Dunhuang. Hosted at a ...
    • Myles Smith makes anthemic, personal pop on his debut, ‘My Mess, My Heart, My Life’ 

      By MDT/AP
      June 26, 2026
    • The Alibi Mixers Series: A Summer of Art, Music, and Craft Brews

      By -
      June 26, 2026
    • Where Nordic Light Meets Japanese Shadow: Kaiseki Alchemy at Yamazato

      By Irene Sam, MDT
      June 19, 2026
    • Sun Chaser Celebration: Where Sound and Spirit Unite

      By -
      June 19, 2026
    • Recent

    • Popular

    • The 13 reopens as it bets on a golden comeback

      By Nadia Shaw, MDT
      June 26, 2026
    • Coutinho seeks clear definition of rights and duties of robots amid fears of human replacement

      By Renato Marques, MDT
      June 26, 2026
    • Silk Road Art Feast: Enchanting Dunhuang Comes to Life Through Culinary Artistry

      By Irene Sam, MDT
      June 26, 2026
    • Three colleagues arrested for failing to report found phone

      By Ricaela Diputado, MDT
      June 26, 2026
    • Lawmakers warn of traffic crisis in Zone A, call for summer roadworks and universal design

      By Yuki Lei, MDT
      June 26, 2026
    • Facial recognition clearance extended to Qingmao port and HZMB

      By Ricaela Diputado, MDT
      June 26, 2026
    • Community consumption scheme boosted spending but lacks long-term incentives, lawmaker says

      By Yuki Lei, MDT
      June 26, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
      • PDF Editions
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia

    Loading Comments...

    You must be logged in to post a comment.

      %d