Revenues double at Russian McDonald’s replacement ...News

Russia Today - Economy
Revenues double at Russian McDonald’s replacement
source : Russia Today ( News ) () 183
Vkusno i Tochka raked in nearly $1.7 billion in 2023 Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax. The fast-food chain saw revenues jump to 155.7 billion rubles ($1.68 billion) in 2023, which was 2.1 times higher than the previous year, the news agency said on Monday. Sales surged to 128.3 billion rubles, 1.7 times higher than in 2023, while annual net profit was reported at 14.2 billion rubles, compared to 11.6 billion rubles in 2022 and just 2 b

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