McDonald's working to support liquidity of franchisees, says 95% of China stores are now operating [MarketWatch]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: MarketWatch
McDonald's working to support liquidity of franchisees, says 95% of China stores are now operating McDonald's Corp. MCD, +3.74% disclosed Wednesday that it is working with its franchisees to evaluate feasibility of operations and to support financial liquidity, including rent deferrals, in light of the COVID-19 pandemic's impact on operations. The fast food giant said it can't reasonably estimate the negative impact to financial results, but said it could be "material." McDonald's said "substantially all" of its U.S. restaurants are operating drive-thru, delivery and take-away only services, with a limited menu and hours. The company said all of its restaurants in Italy, the U.K., France and Spain are closed, while restaurants in most other international markets have "limited" operations. In China, about 95% of its restaurants are operating and "substantially all" of its restaurants in Japan are operating. The stock rallied 4.3% in morning trading, after soaring 18.1% on Tuesday. I
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MCD
News
- McDonald's is considering a $5 meal to win back customers. Here's what you'd get. [CBS News]CBS News
- McDonald's requiring franchisees to chip in for digital marketing [Seeking Alpha]Seeking Alpha
- Krispy Kreme tops earnings estimates amid weak consumer spending [Yahoo! Finance]Yahoo! Finance
- 'Why would you eat a $10 burger out of a paper bag in your car?' Applebee's throws shade at fast food chains as it touts deals [Business Insider]Business Insider
- Is it too late to buy McDonald's stock in 2024? [USA TODAY]USA TODAY
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 5/8/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/29/24 - Form PX14A6G
- MCD's page on the SEC website