McDonald’s shuts restaurants in Wuhan due to coronavirus

McDonald’s shuts restaurants in Wuhan due to coronavirus

McDonald’s Corp. said Friday that it has shut stores in Wuhan and surrounding cities in China due to the coronavirus outbreak. In a statement from McDonald’s in Asia, the company said that the fast-food giant’s operations in the Hubei province are normally in cities where public transportation is accessible. In Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao, public transport has been suspended. Across China, McDonald’s has taken measures to prevent the spread of coronavirus, including a required system of measuring worker body temperatures when they arrive for work; the distribution of masks to crew members and hand sanitizers to customers; and stepped up cleaning of delivery boxes after they return to the restaurant. McDonald’s stock has gained 13.8% over the past year while the Dow Jones Industrial Average is up 19%. Read also: McDonald’s earnings preview: Chick-fil-A is the fast-food giant’s biggest competition in the U.S.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Go to Source