McDonald's and its U.S. franchisees at odds over financial relief as crisis weighed [Reuters]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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Source: Reuters
McDonald's and its U.S. franchisees at odds over financial relief as crisis weighed NEW YORK (Reuters) - McDonald’s Corp ( MCD.N ) rejected a request from its U.S. franchisees to delay collecting some March rent and royalty payments, prompting claims that the world’s largest fast-food company is not providing enough support during the coronavirus crisis, according to several letters seen by Reuters. Franchisees that lead negotiations with the company asked McDonald’s for a 14-day reprieve in their March rent during weeks of negotiations over financial help. But on April 3, that request was denied, according to a letter from the franchisee leadership.The correspondence provides a snapshot of growing internal tensions between McDonald’s executives and franchisee organizations amid an unprecedented global health crisis. “Because so many owners are alarmed over their financial viability and have been waiting for clarity on a positive, tangible company decision, many believe the trust in
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DRI
News
- Darden Restaurants to Host Fiscal 2025 Second Quarter Conference Call on December 19PR Newswire
- Darden Restaurants, Inc. (NYSE: DRI) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $164.00 price target on the stock.MarketBeat
- Chuy's headquarters moving to Florida after Darden acquisition [Yahoo! Finance]Yahoo! Finance
- Darden Restaurants Completes Acquisition of Chuy's Holdings, Inc.PR Newswire
- Darden Restaurants' (NYSE:DRI) Returns On Capital Are Heading Higher [Yahoo! Finance]Yahoo! Finance
DRI
Earnings
- 9/19/24 - Miss
DRI
Sec Filings
- 10/17/24 - Form 11-K
- 10/11/24 - Form 8-K
- 10/8/24 - Form 4
- DRI's page on the SEC website