The macroeconomic challenges that have hurt the restaurant industry in the last year are reflected in the 2017 FORBES Global 2000: some of the biggest restaurant names on the list — including McDonald’s and Yum! Brands — find themselves sitting at lower rankings than they did just one year ago.
Source: www.forbes.com
McDonald’s is the top-ranked restaurant company on the Global 2000; it came in at #215 on the overall list, down from #189 in 2016 and sitting lower than the likes of AflacAFL -0.24%, Lowe’sLOW -0.07% and Christian Diornull +0%. The burger giant has seen heightened competition from the fast-casual sector (i.e, chains like Shake Shack, Chipotle, Panera Bread), but its all-day breakfast gambit has been a boon to earnings, and Wall Street analysts seem to think that the company has even sunnier days ahead.