McDonald's said Tuesday its second-quarter earnings slipped 9 percent on costs related to refranchising and relocating the company's longtime Oak Brook headquarters, as well as slower restaurant industry growth.The results were below what Wall Street expected, and the stock fell more than 3 percent...

Topics:  oak brook   wall street   mcdonald's   earnings   costs   industry   percent   
BING NEWS:
  • A California McDonald's franchisee says he's leaving 'no stone unturned' in his quest to save money over the $20 minimum wage
    Restaurant operating costs skyrocketed during the pandemic, with a particular surge in spending on ingredients. "There is more than extraordinary labor costs stressing restaurant P&Ls right now ...
    04/8/2024 - 12:17 am | View Link
  • McDonald’s takes over franchise that sparked global boycotts for giving meals to Israeli military
    US fast-food chain is buying Israel franchise from Alonyal Ltd ... distanced itself from the move to give free meals to the Israel military by its Israel subsidiary, saying the decision was ...
    04/5/2024 - 6:17 am | View Link
  • McDonald's is reclaiming all its Israeli restaurants, exposing the cracks in its global-franchise model
    McDonald's announced on Thursday that it would buy back all 225 franchise restaurants in Israel and take direct control of them. The company said in a news release that it had reached an agreement ...
    04/4/2024 - 11:39 pm | View Link
  • McDonald’s to buy Israeli franchise operator that sparked global boycott
    Alonyal, a McDonald’s franchise operating in Israel that is owned by Omri Padan, began offering free meals to troops early in the war, a move the ... recent quarterly earnings report in February.
    04/4/2024 - 7:58 pm | View Link
  • McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
    McDonald’s has said it will buy its 30-year-old Israel franchise from Alonyal, taking back ownership of 225 outlets that employ more than 5,000 people. The US fast-food chain has been subject to ...
    04/4/2024 - 1:00 pm | View Link
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