California fast-food franchise owners, consumers feel brunt of minimum wage hike [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
After 30 years in business, McDonald's franchisee and Rodrick Foods CEO Scott Rodrick had to make the difficult decision to not renew his lease at one of his McDonald's ( MCD ) locations at a mall in San Francisco. "The unprecedented changes to the economic landscape of California, coupled with a host of ill-timed legislative mandates, greatly narrowed the restaurant's path to extending its tenure into a new term," Rodrick told Yahoo Finance. He added that an "unbending landlord set on rent per square foot," high property taxes, and mall charges were additional reasons that "made the decision difficult, but clear." Rodrick still owns 17 other McDonald's locations but is bracing for further changes in the industry. His father was among the first to franchise a McDonald's location in the 1960s — a far different time for franchisees compared to now. "An explosion has gone off in California," Rodrick said, referring to a series of closures of other longstanding franchises, includin
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MCD
News
- All the deals McDonald's, Burger King, Chili's, Wendy's, Starbucks, and other fast-food companies are offering to win back customers [Yahoo! Finance]Yahoo! Finance
- This McDonald's Burger Is Being Taken Off The Menu—Here's Why [Yahoo! Finance]Yahoo! Finance
- Trump, Biden spar over inflation at presidential debate [FOX Business Network]FOX Business Network
- Taco Bell launches $7 ‘Luxe Cravings Box' [Yahoo! Finance]Yahoo! Finance
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MCD
Earnings
- 4/30/24 - Miss
MCD
Sec Filings
- 6/21/24 - Form 4
- 6/21/24 - Form 144
- 6/11/24 - Form 11-K
- MCD's page on the SEC website