Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion [CNNMoney.com]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: CNNMoney.com
Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billionArby's likes to boast in its TV commercials that it has "the meats."Well, Arby's owner is about to get beefier: It's buying hamburger joint Sonic for $2.3 billion.Inspire Brands, a private equity backed firm that owns Arby's and Buffalo Wild Wings, is paying nearly 20% more for Sonic than what shares were trading at on Monday.Sonic (SONC)is famous for its quirky ads and retro 1950s-esque drive-in locations. The company also recently joined the wacky fast food trend of launching odd new menu items with its pickle juice slushies.But the company has been hit by tough competition from the likes of McDonald's (MCD), Burger King and Wendy's (WEN). Sonic's sales at locations open at least a year have been declining for the past few quarters.Inspire, which also owns Rusty Taco, said that nothing major will change at Sonic though. The chain, which has more than 3,600 locations, will be operated as an independent brand.The dea
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MCD
News
- McDonald's (MCD) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
- McDonald's Co. (NYSE: MCD) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $330.00 price target on the stock.MarketBeat
- Krispy Kreme Soars On A Tasty Initiative [Seeking Alpha]Seeking Alpha
- Fast-food restaurants in California are laying off workers to prepare for the $20 minimum wage hike [Business Insider]Business Insider
- FOCUS-Fast-food companies seeing low-income diners pare orders [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 2/5/24 - Beat
MCD
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 4
- 3/20/24 - Form PRE
- MCD's page on the SEC website