UPDATE 1-Wagamama-owner flags labour shortages even as it forecasts higher profit [Reuters]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Reuters
UPDATE 1-Wagamama-owner flags labour shortages even as it forecasts higher profit By Reuters Staff 2 Min Read (Adds CEO comment, background) Sept 15 (Reuters) - Wagamama-owner Restaurant Group forecast an increase in 2021 profit on Wednesday after it reported a first-half profit, but challenges around labour shortages and supply chain constraints flagged by the company sent its shares down 2.8%. Pent-up demand from people stepping out after pandemic-related lockdowns eased and cost cuts have helped the company, but British retailers, cafes and restaurants are struggling with a shortage of drivers and food processing staff. “Whilst there are some well documented sector challenges to navigate in the short-term, particularly around labour availability and supply chain, we believe the group is well positioned for the long-term,” Chief Executive Officer Andy Hornby said. The labour shortages are not unique to Britain, but Brexit made matters worse, industry groups say, with an exodus of E
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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