A focus on value and discounting at McDonald's has left select number of franchisees feeling pessimistic about their chances at profitability, according to a recent quarterly study from Janney Capital Markets. For a report from analyst Mark Kalinowski released before Oak Brook, Ill.-based McDonald’s Corp. reports first-quarter earnings, Janney surveyed 25 domestic franchisees representing about 180 locations. Those franchisees expect same-store sales to swing positive in the ...

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