McDonald's: rent deferrals considered for franchisees
(CercleFinance.com) - McDonald's said that it is working with its franchisees in order to support financial liquidity, which could involve rent deferrals, as the recent outbreak of the coronavirus has disrupted operations of many restaurants.
While most markets, such as France and Canada, have limited operations including drive-through, delivery and/or take-away, several markets, such as Italy and Spain, have now closed their restaurants alotgether, the group said.
However, at this time, neither the duration nor scope of the disruption can be predicted, and the negative financial impact to results cannot be reasonably estimated, the fast food giant said.
McDonald's shares are currently down 8.5% on the New York Stock Exchange. They have lost 31% over the past month.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
While most markets, such as France and Canada, have limited operations including drive-through, delivery and/or take-away, several markets, such as Italy and Spain, have now closed their restaurants alotgether, the group said.
However, at this time, neither the duration nor scope of the disruption can be predicted, and the negative financial impact to results cannot be reasonably estimated, the fast food giant said.
McDonald's shares are currently down 8.5% on the New York Stock Exchange. They have lost 31% over the past month.
Copyright (c) 2020 CercleFinance.com. All rights reserved.