More Dealmaking On The Way?
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 23 May 2022
⏱️ 27 minutes
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| 0:00.0 | A week ago when McDonald's announced it's leaving Russia and we asked who's next, today |
| 0:10.4 | we got the answer. |
| 0:11.8 | Motley Full Money starts now. |
| 0:15.5 | I'm Chris Hill and I'm joined by Motley Full's Senior Analyst Jason Moser. |
| 0:25.4 | Happy Monday. |
| 0:26.4 | Hey, happy Monday indeed. |
| 0:28.8 | We have a merger Monday-esque story we're going to get to, but let's start with Starbucks. |
| 0:34.8 | The coffee chain announced this morning it is leaving Russia and will no longer have any |
| 0:39.0 | kind of brand presence there. |
| 0:41.3 | Starbucks committed to paying its Russian workers for six months and helping them transition |
| 0:46.8 | to new jobs. |
| 0:48.7 | From a financial standpoint, Jason, this is not going to have as big an impact as what |
| 0:54.0 | we talked about last week with McDonald's because for Starbucks, it's a smaller store |
| 0:59.6 | count and a smaller percentage of their annual revenue. |
| 1:03.2 | Yeah, you're right. |
| 1:04.8 | I think Starbucks was the example that we used when we were talking about McDonald's |
| 1:12.3 | recently and thinking, okay, is there another restaurant that will follow suit? |
| 1:17.1 | Starbucks seemed like an obvious candidate just sort of giving them a chance to maybe |
| 1:23.2 | weigh exactly what the reaction to McDonald's actions ultimately was. |
| 1:29.5 | And to me, this makes a lot of sense. |
| 1:33.3 | Following McDonald's lead, generally speaking, they're just kind of looking at this, they |
| 1:37.3 | figured, like we said, that just do you say you're worth a squeeze? |
... |
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