Domino's is stockpiling pizza ingredients because of Brexit [CNN]
McDonald's Corporation (MCD)
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Source: CNN
Domino's is stockpiling pizza ingredients to protect against a disorderly Brexit The UK arm of the American fast food company said in an earnings statement on Tuesday that a disorderly Brexit "carries the increased risk of disruption to raw material supplies." The company imports about a third of its supplies from outside Britain including tomato sauce, frozen chicken, pineapple and tuna. Fears of a disorderly break have increased after UK Prime Minister Boris Johnson doubled down on his threat to leave the European Union on October 31 even without a deal in place to protect trade . Business groups representing the food and beverage industry have cautioned that that shortages would be caused by disruption to supply chains and long lines at the border. Many companies have been stockpiling for months. Some have even warned that Britain was running out of frozen and chilled storage to hold the excess supplies. McDonald's ( MCD ) , KFC ( YUM ) and Pret a Manger joined with UK super
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MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website