Fast food chain unveiled ambitious expansion plans for the UK and Ireland last year
Sales at the Irish arm of US fast food giant McDonald’s continued to rebound from the pandemic in 2023 despite a decline in operating profits, partially due to an increase in royalties due to its European parent company. Photograph: Luke Sharrett/Bloomberg
The company, which had 94 franchised restaurants in Ireland last year, has not itself operated any restaurants in the State since 2022. Irish space race: domestic companies pushing the frontiers of AI, space stations and acoustic technology A €2.8 million increase in royalties paid to its European parent company, UK-headquartered MCd Europe Ltd, also contributed to the decline in pretax profits, the directors said.
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