Sonic sold to Arby's and Buffalo Wild Wings owner for $2.3 billion [CNN]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: CNN
IHOP President: IHOB gimmick was a success Arby'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 ch
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MCD
News
- What's going on with fast food? Why have prices skyrocketed [Yahoo! Finance]Yahoo! Finance
- Tyson shares close lower, as pinched consumers get choosy about meat [Yahoo! Finance]Yahoo! Finance
- Should Investors Take a Bite of McDonald's and Buy the Stock After Its Q1 Earnings Report? [Yahoo! Finance]Yahoo! Finance
- TikToker says she makes more per hour working at Domino's than at NBC. Are fast food jobs more desirable now? [Yahoo! Finance]Yahoo! Finance
- Fast food feels more expensive than ever before, and people are sick of it. Here's why. [Business Insider]Business Insider
MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 4/30/24 - Form 8-K
- 4/29/24 - Form PX14A6G
- 4/23/24 - Form 144
- MCD's page on the SEC website