McDonald’s in the Spotlight as Investors Seek Details of Lost Russia Revenue

McDonald’s in the Spotlight as Investors Seek Details of Lost Russia Revenue
People eat in a McDonald's restaurant near Kremlin in central Moscow, on March 9, 2022. Maxim Shemetov/Reuters
Reuters
Updated:

McDonald’s is poised to take a bigger financial hit from the war in Ukraine than any other major global restaurant chain, with investors watching on Thursday when it reports first quarter earnings to see how much the company stands to lose.

Average estimates for full-year earnings for McDonald’s Corp. have fallen a little over 3 percent to $9.81 per share since it announced on March 8 that it would suspend operations in Russia following Moscow’s invasion of Ukraine.