McDonald’s says Russian shutdown will cost the fast-food chain $50 million a month

McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there.

The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir Putin’s forces continue their attacks on Ukraine. McDonald’s has about 850 locations in Russia, the majority of which are owned by the company, not franchisees.
Other U.S. restaurant companies, including Starbucks, Yum Brands and Papa John’s followed McDonald’s lead, as well as its soda supplier, Coca-Cola. Because most of its restaurants in Russia and Ukraine are company-owned, McDonald’s has greater exposure than most other U.S. fast-food chains with locations in those markets. The burger chain drew criticism for staying silent on the war until it announced the closures.