Closure of Restaurants in Russia Cost McDonald’s $127 Million in First Quarter

Closure of Restaurants in Russia Cost McDonald’s $127 Million in First Quarter
People sit on the terrace of a closed McDonald's restaurant in Moscow on Aug. 21, 2014. Alexander Nemenov/AFP via Getty Images
Bryan Jung
Updated:

The closure of all 850 McDonald’s restaurants in Russia has cost the fast-food chain $127 million in the first quarter of 2022.

The fast-food company announced during its first-quarter earnings report on April 28 that its suspension of operations in Russia cost it $27 million in leases, supplier costs, and employee wages, and another $100 million in unsold inventory for its supply chain.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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