McDonaldrsquos announcement Monday included a plan to sell 3500 of its 6700 restaurants by 2018

McDonald’s announcement Monday included a plan to sell 3,500 of its 6,700 restaurants by 2018.

McDonald’s: ‘More to come’ after revealing turnaround plans

Company says it will focus on refranchising, organizational change

McDonald’s Corp. announced plans Monday to streamline its operations and sell more units to franchisees, during its eagerly anticipated turnaround plan announcement.

But in response, Wall Street yawned. McDonald’s stock fell about 1 percent after the announcement, and some analysts suggested that investors wanted more.

Still, the announcement illustrates that McDonald’s turnaround from a

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish