McDonald's relationship with US franchisees is fraying over coronavirus relief [MSNBC.com]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: MSNBC.com
The coronavirus pandemic is strainingMcDonald'sThe fast-food giant is pushing for franchisees to do more to protect their workers, while franchisees are asking for more financial relief to keep them afloat. Franchisees operate 95% of McDonald's 14,000 U.S. restaurants.McDonald's is deferring rent for three months for franchisees to lessen the financial blow of social-distancing measures. Only about one-third of its U.S. franchisees will be asked to pay March rent. Operators who have seen the sharpest sales drops are also receiving deferrals on service fees.Tensions between the National Owners Association and McDonald's management have flared up in the past month, based on correspondence between the two viewedby the Wall Street JournalThe NOA told McDonald's management in a letter last week that its members and most of the company's franchisees are "increasingly losing faith in the partnership and company leadership," according to the Journal.McDonald's U.S. President Joe Erlinger resp
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MCD
News
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- SWBC Announces Angelica Palm as New Chief Marketing Officer [Yahoo! Finance]Yahoo! Finance
- McDonald's is Asking Fans to Get Real About Their First Job Skills in Exchange for Free MealsPR Newswire
- Capgemini and McDonald's renew their strategic partnership with a global multi-year agreement focused on delivering modern, scalable platforms [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/11/26 - Beat
MCD
Sec Filings
- 2/26/26 - Form 4
- 2/25/26 - Form 4
- 2/25/26 - Form 4
- MCD's page on the SEC website