Salty_Employee_8944
Salty_Employee_8944 t1_j6oao95 wrote
Reply to comment by IncomeStatementGuy in [OC] McDonald's 2022 income statement (they just released their earnings) by IncomeStatementGuy
Will it support automatic diagram creation from filings in the future? Like you only have to type in the company name and it fills out the cells
Salty_Employee_8944 t1_j6o9pc0 wrote
Reply to [OC] McDonald's 2022 income statement (they just released their earnings) by IncomeStatementGuy
Damn. Look how much lower the operating margin is on the operated restaurants vs on the franchises. It makes sense, but cool to see it like this
Salty_Employee_8944 t1_j6p8p0b wrote
Reply to comment by ialghamdi1 in [OC] McDonald's 2022 income statement (they just released their earnings) by IncomeStatementGuy
Nah, it's because the franchisees pay for every cost. McDonalds leases the land for them and collects the franchise fees, royalties. It's essentially free money for the company.
When they operate the restaurants there is costs of buying the ingredients, paying the employees etc. And the revenue comes from the burger sales.
On the franchise part the revenue is from the fees, so of course there's not much cost to that. I don't think the burger sales from the franchises even show up on the income statement, that's the franchisees revenue, not the company's