How the U.S. Is Making the Rest of the World Fat
Bloomberg blames this, in part, on the number of fast food restaurant locations opened in emerging markets by U.S. companies such as McDonald’s Corp. (NYSE: MCD) and Yum! Brands Inc. (NYSE: YUM). Americans, in essence, are damaging the health of large numbers of people overseas.
Eating less home cooking, and consuming more processed snacks and sugary drinks, the average man is gaining weight in Mexico, Brazil and Chile faster than the worldwide average, according to the Waistline Index compiled by Bloomberg. The women are too, except in Brazil, where they are holding to the global average. In all three countries, fast food is a relatively new option.
Shares of McDonald’s are inactive in premarket trading, after closing yesterday at $99.25 in a 52-week range of $83.31 to $100.50. Yum! Brands shares, also inactive in premarket trading, ended at $67.54 yesterday and has a 52-week range of $59.68 to $74.75.