As per reports, fast-food giant McDonald’s is considering rent deferral and other steps to secure liquidity at its franchisees around the world amid the limitations imposed on dine-in restaurants to promote social distancing to control the spread of COVID-19.
“At this time, neither the duration nor scope of the disruption can be predicted, therefore, the negative financial impact to our results cannot be reasonably estimated,” the company said in a filing.
McDonald’s, Starbucks Corp and other major restaurant chains are now relying on takeaway and delivery services in the United States.
McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page.
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