McDonald’s Global Sales Surpass 100 bln USD in 2019
Fast food retail chain McDonald said its annual sales surpassed 100 billion U.S. dollars for the first time.
McDonald's Chief Executive Officer Chris Kempczinski, who took charge in November after the former CEO was dismissed, said global comparable sales growth in 2019 was the chain's highest in more than 10 years.
"2019 marked a year of significant milestones for McDonald's including surpassing 100 billion dollars in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said Kempczinski.
The company said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure diners and gain market share.
The company returned 2.3 billion dollars to shareholders through...