Global market trends and financial performance of the corporate fast-food industry and their potential contributions to diets high in meat and ultra-processed foods
This paper conducted a global analysis of market data from 54 countries and found that while sales in high-income countries were stagnating, leading firms maintained stable net profit margins and delivered relatively high shareholder returns, facilitated by financial strategies such as franchising and private equity ownership. U.S.-based corporations dominated the global market, with substantial expansion into countries outside the global North.