Denny's Is Closing Over 100 Underperforming Restaurants [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
Sadly, the 24/7 diner brand is joining the roster of unfortunate restaurant chains that has to shutter a mass of underperforming locations. Denny's, which is home to the iconic Grand Slam Meal and fan favorite Moons Over My Hammy breakfast sandwich, said in this past Tuesday's earnings call that 150 locations will be closed over the next year. The first 50 will be closed in 2024, while the remaining 100 will cease business in 2025. This will leave the chain with 1,375 remaining locations scattered across the world, but just where the closures will happen has not been disclosed yet. As you'd probably guess, the company says it has chosen to shut down locations that aren't performing well, mainly in areas that don't bring in profit or are relying on infrastructure that is simply too old to be remodeled and modernized. But other changes are coming in the form of both its scaled back menu and operating hours -- and the latter is one that the chain has resisted making for years now. De
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MCD
News
- Tesla earnings, McDonald's woes: Market takeaways [Yahoo! Finance]Yahoo! Finance
- McDonald's says beef not ruled out as potential source of E. coli outbreak [FOX Business Network]FOX Business Network
- McDonald's Q3 Preview: Don't Worry About E. Coli, It's An Automation Play [Seeking Alpha]Seeking Alpha
- McDonald's E. coli outbreak: Is it safe to eat at the fast-food chain? [USA TODAY]USA TODAY
- Trump praised the sanitary conditions at McDonald's 2 days before a deadly E. coli outbreak at the fast food giant became public [Business Insider]Business Insider
MCD
Earnings
- 7/29/24 - Miss
MCD
Sec Filings
- 10/23/24 - Form 144
- 10/15/24 - Form 4
- 10/1/24 - Form 3
- MCD's page on the SEC website