3/17/2020, 3:41 PM (Source: TeleTrader)
more TeleTrader news

McDonald's may defer franchise rent

McDonald’s Corp. is considering deferring rent at its franchises as a part of measures to fight the negative effects of the coronavirus outbreak, a Untied States Securities and Exchange Commission filing showed on Tuesday.

"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.

The fast-food giant already announced it will shut down its dining rooms in the United States as a part of its efforts to curb the impact of the pandemic.

Baha Breaking News (BBN) / MD