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McDonald’s To Benefit From Recession – 24/7 Wall St.
Business July 26, 2022 9:26 am Last Updated: July 27, 2022 4:37 pm Unlike many large-cap stocks, McDonald’s shares have not sold off in the market slide. As a matter of fact, they have done much better than any of the three major indexes. McDonald’s continues to be one of America’s huge recession-proof companies. Consumer-facing…
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McDonald’s, insurer reach deal on coverage for workers’ COVID lawsuit
The logo for McDonald’s restaurant is seen as McDonald’s Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register McDonald’s claimed policies covering “bodily injury” applied to workers’ lawsuit Companies did not disclose terms of tentative settlement Judge had denied insurer’s motion…
Alabama McDonald’s Owner-Operators, Father-Son Duo Share Story of Love and Success
Alabama McDonald’s owner-operators Larry, and Dale Thornton, serve as successful entrepreneurs and community leaders but carry a father-son bond that includes the family business. Larry Thornton Sr, a father of three, who became the first Mcdonald’s franchise owner in Birmingham, Alabama in 1992, insisted his children learn the business and gave his son Dale his…
Jack in the Box: Patience Required (NASDAQ:JACK)
jetcityimage It’s been a rough year thus far for the restaurant industry group, with the AdvisorShares Restaurant ETF (EATZ) sliding 24%, matching the market’s year-to-date decline, despite significantly underperforming the market in H2 2021 with a (-) 5% return. The hardest hit names have been in the casual dining space, where margins have taken a…
McDonald’s Adds Three New Members to Board of Directors
McDonald’s Corporation today announced the retirement of Sheila A. Penrose from the McDonald’s Board of Directors. The Company also announced the election of Tony Capuano, Marriott International; Jennifer Taubert, Johnson & Johnson; and Amy Weaver, Salesforce, to the Board. Sheila’s retirement will be effective September 30 and the election of Tony, Jennifer and Amy takes effect October 1….
McDonald’s franchisees ‘blindsided’ by new charges for 2021
McDonald’s franchisees are pushing back against a series of charges and subsidy cuts that one estimate suggests could cost operators $170 million next year. In an email the company’s leadership team sent to operators on Thursday, and seen by Restaurant Business, the company is telling U.S. franchisees that it plans to end a more than 30-year-old…