Coronavirus leads McDonald’s to close hundreds of restaurants in China

The exterior of a McDonald

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The exterior of a McDonald's restaurant

McDonald’s reached a milestone in 2019.

The fast food giant reaped more than $100 billion system wide  “achieving our highest global comparable sales growth in over a decade,” company president and CEO Chris Kempczinski said in a statement.

But one global market that has been a focus the company’s investment is China, where authorities are currently dealing with the outbreak of the coronavirus which has sickened thousands and led to the deaths of over 80 people. 

McDonalds’s has closed all of its restaurants in Hubei Province, home to the city of Wuhan, the epicenter of the outbreak. While that represents hundreds of locations, roughly 3,000 McDonald’s restaurants throughout China remain open.

Kempczinski said in an earnings call with investors that roughly 9% of the company’s restaurants are in China, but the country represents only about 4% to 5% of sales system wide.

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By Javier Manning

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