OAK BROOK Ill. McDonaldâ€™s Corp. confirmed Friday it is refranchising nearly 1,600 units in Latin America and the Caribbean, a move that would spur growth in the overseas markets and reduce corporate earnings volatility, it said. The company also reported a 22-percent jump in first-quarter profit on revenues that rose 11 percent to $5.46 billion.The news sent McDonaldâ€™s stock price to an all-time high of $49.70 in trading, but it settled to a close of $48.36 per share, down nearly 1 ...
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Contact: Desiree Torres Desiree.Torres@penton.com