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StockWatch: McDonald’s and Starbucks Begin Closing Stores!

Name: StockWatch: McDonald's and Starbucks Begin Closing Stores!
Uploaded: 2022-03-09
Channel: David Kindley
Description: McDonald's and Starbucks are shutting their restaurants and cafes in Russia.Globally, most McDonald's locations are operated by franchise operators. But that's not the case in Russia, where the company operates 84% of locations.With the share price s

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By David Kindley Last updated Mar 9, 2022

McDonald’s and Starbucks are shutting their restaurants and cafes in Russia.

Globally, most McDonald’s locations are operated by franchise operators. But that’s not the case in Russia, 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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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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