OAK BROOK Ill. McDonaldâs 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 McDonaldâs 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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?