Krispy Kreme doughnuts are coming to McDonald's [Yahoo! Finance]
McDonald's Corporation (MCD)
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Source: Yahoo! Finance
Three types of Krispy Kreme donuts — original glazed, chocolate iced with sprinkles and chocolate iced “kreme” filled — will go on sale at McDonald's restaurants starting later this year, the companies told CNN on Monday. It's not the first time two competitors have teamed up. For example, Wendy's brought in Cinnabon to its breakfast lineup earlier this year. But it's a risky move, and one that can put off McDonald's franchise owners and weaken the respective brand names. McDonald's has also faced pushback from customers as prices rise. Ian Borden, McDonald's chief financial officer, said earlier this month that some lower-income Americans are opting to cook at home instead of dining at its restaurants . In February, CEO Chris Kempczinski addressed McDonald's “affordability” problem and indicated the chain would cut prices on some menu items. Krispy Kreme is giving away a free glazed doughnut to guests who visit a Krispy Kreme location between 5 and 9 pm on Tuesday to celebrate
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- McDonald's Co. (NYSE: MCD) had its price target lowered by analysts at Wedbush from $330.00 to $300.00. They now have an "outperform" rating on the stock.MarketBeat
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