THE FALL OF MCDONALDS – Global Profits Are Continuing to Plunge
The decline of fast food giant McDonald’s continues in full swing, as the company reports yet another quarter of ‘disappointing’ global losses. More and more individuals are realizing what’s really in their food, and they’re taking action. And as they begin to read food labels, research toxic additives, and even find out about GMOs, McDonald’s is always a ‘poster child’ for everything wrong with the food industry.
The struggling fast food giant recently announced it was closing 350 poorly performing stores this year, but on Wednesday McDonald’s admitted it had closed a previously unannounced 350 stores in the U.S., Japan and China. McDonald’s CEO Steve Easterbrook
“Earlier on Wednesday, McDonald’s reported an 11% decrease in revenue and a 30% drop in profit for the first three months of year, a continuation of its troubles in the last two years as it has struggled to compete with new U.S. competitors, a tough economy in Europe and a food safety scare in Asia,”
McDonald’s started falling into a steep decline after customers began seeking healthier alternatives, a decline which may prove terminal for the world’s largest fast food chain. It was definitely a sign of the times when Hillary Clinton stopped to eat at Chipotle while campaigning in Iowa earlier this month, two decades after her husband famously stopped at a McDonald’s questions answered the health ranger microscope mcnuggets while jogging.