California fast-food franchise owners, consumers feel brunt of minimum wage hike [Yahoo! Finance Canada]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance Canada
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." A copy of the letter that Scott Rodrick posted to the restaurant's front door, telling Yahoo Finance, "What an awful feeling that was." (Courtesy: Scott Rodrick/obtained by Yahoo Finance) 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 —
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MCD
News
- McDonald's continues its green streak for seven straight sessions [Seeking Alpha]Seeking Alpha
- North America (NAFTA) Foodservice Industry Guide 2024 Featuring 40 Key Players [Yahoo! Finance]Yahoo! Finance
- McDonald's Increases Dividend by 6% to Reward Its Investors [Yahoo! Finance]Yahoo! Finance
- McDonald's Co. (NYSE: MCD) had its price target raised by analysts at Robert W. Baird from $280.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
- Harris talks up McDonald's gig in criticizing Trump's economic plans [MSNBC.com]MSNBC.com
MCD
Earnings
- 7/29/24 - Miss
MCD
Sec Filings
- 9/27/24 - Form 144
- 9/27/24 - Form 4
- 9/25/24 - Form 4
- MCD's page on the SEC website