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-0.000642929463381628 0.00163122960962983 0.00163122960962983 0.00146248171897846 0.00264371695353807 0.00850770615367318 0.0040499493756328 0.00241871976600296
Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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