US fast food restaurant chain McDonald’s posted a net profit of $483.8 million in the second quarter of 2020, a 68 percent drop from the company’s realized earnings a year earlier and its worst quarterly result in the past 13 years.
McDonald’s turnover between April and June reached $3.5 billion, 30.5 percent below revenue for the second quarter of 2019, which was met by temporary restaurant closures, particularly in the UK and France.
In the second quarter, revenue from premises operated directly by McDonald’s fell 33.6 percent to $593.7 million, while franchised restaurant turnover fell by 29 percent to $2.088 million.
Thus, in the first six months of 2020, the multinational counted a profit of $590.7 million, 44 percent less than in the first half of 2019, while its revenue fell 18.8 percent to $8.475.9 million. As of June 30, McDonald’s estimated that 96 percent of its restaurants were operational, including 99 percent of US premises and 94 percent internationally, noting that Latin America was the region where the most restaurants remained closed.
«We saw continued improvement in our results during the second quarter as markets reopened around the world,» said McDonald’s President and CEO Chris Kempczinski.
Order use of bed covers
McDonald’s announced Friday that it will require the use of head coverings at all of its U.S. restaurants starting August 1, joining other major chains like Starbucks or retail giant Walmart that already do the same to slow the coronavirus’s advance.
The fast food company explained that nearly 82 percent of the more than 14,000 establishments it has in the US are in places that already require the use of masks, but advocated the desirability of protecting «all employees and customers.» According to one note, McDonald’s will train its employees to enforce this policy in a «friendly and positive» manner and prepare protocols to serve customers who cannot or refuse to use masks in separate areas.
Although in the United States the rules for protecting itself from COVID-19 vary from place to place, several large companies have opted to require the use of masks on a domestic scale.
McDonald’s also announced this Friday that it will place new panels in all of its restaurants to separate customers and employees in order to increase precautions and will not allow for 30 more days to reopen more restaurants for indoor service.
This month, the company had already decided to pause reopening for three weeks in view of the rapid advance of coronavirus in numerous states of the country.