Mcdonald’s stock rises by 2.78% within a day. From $168.12 to $184.35 MCD stock has been growing since May 14. As the lockdown made its operations hard to run the network of fast-food restaurants started receiving orders and delivering the food online. In some countries, they are open but do not allow customers to consume their meals inside their buildings because of social distancing. This significant move has saved Mcdonalds’s revenue from a drastic fall as other local brands suffered a lot.
Q1 2020 net income decreases by 29.60% along with the cost of revenue. Bad news comes from total equity gross minority interest because it gets more negative than Q4 2019’s. However, the asset increases by almost $3 billion. Relatively, almost $4.5 billion has been added to total debt.
CEO and Editor in Chief.
Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life