A McDonald’s franchisee who owns 18 outposts in California is considering reducing store hours, hiking menu prices and delaying renovations to offset the impact of the state’s $20 hourly minimum wage for fast-food workers.Scott Rodrick said he’s had to rethink his business strategy in the wake of the new law, which went into effect April 1 and has spurred some of his fast-food rivals to raise menu prices. “There is more than extraordinary labor costs stressing restaurant P&Ls right now,” Rodrick, whose 18 M ...

The restaurant giant faces headwinds, but UBS is still optimistic.McDonald's (MCD -0.86%) is well positioned to gain market share, according to UBS analyst Dennis Geiger. The fast food chain faces tough economic environments in certain international markets as well as weakening spending from lower-income consumers in the U.S. However, Geiger still sees McDonald's as one of the best-positioned restaurant chains to ride out the storm.UBS maintained its buy rating on McDonald's stock on Friday while slightly l ...

McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war.The restaurant outlets have been owned by Israeli company Alonyal Limited for more than 30 years."An agreement to sell Alonyal to McDonald's Corporation has been signed," the McDonald's statement said Thursday. "Upon completion of the transaction, McDonald's Corp ...

McDonald’s Corporation announced Thursday an agreement to buy its Israel franchise that has 225 restaurants and more than 5,000 employees. This comes as the war between Israel and Hamas continues and other unrest in the Middle East upticks. Alonyal Limited, which owns and operates McDonald’s restaurants in Israel, signed an agreement with McDonald’s Corporation for the sale."For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our communities," Omri Padan, CE ...

McDonald’s is buying its 30-year-old Israel franchise from Alonyal Ltd., taking back ownership of 225 restaurants in the country that employs more than 5,000 people, the companies said on Thursday.The fast-food chain has been subject to boycotts and protests since Alonyal announced shortly after the Oct. 7 attack by Palestinian Islamist group Hamas that it would be donating free meals to the Israeli military.McDonald’s is a global chain but its franchises are often owned locally and operate autonomously.Its ...

McDonald’s has jacked up its menu prices by more than 100% over the course of the last decade — more than three times the rate of US inflation, according to a research report.The Chicago-based burger giant has been slammed with customer complaints over eye-popping prices, including $18 for a Big Mac meal in Connecticut as well as $7.29 for an Egg McMuffin and $5.69 for a side of hash browns.Now, a Quarter Pounder with Cheese meal goes for $11.99 — more than double the $5.39 it cost in 2014, according to a s ...

A McDonald’s franchisee who owns 18 restaurants in Northern California said he has been forced to raise menu prices in response to the state’s new $20-an-hour minimum wage law for fast food workers — though he will resist raising the prices of Happy Meals.“We have looked at price, although I can’t charge $20 for a Happy Meal,” Scott Rodrick, who owns Rodrick Management Group, told CNN on Monday.In the last three months, Rodrick has raised menu prices between 5% and 7% in anticipation of the new law going in ...

If you're hungry for a cheap stock to put in your portfolio, you're in luck. McDonald's (MCD -0.61%) shares have sat out of the market rally in the past year, barely rising since March 2023 compared to the 31% spike in the S&P 500. That performance is a bit surprising given that the fast-food titan was setting records around sales and earnings heading into early 2024.There are some clouds on the horizon, to be sure. McDonald's noticed weaker spending and sluggish customer traffic in the core U.S. market ove ...

Amidst the ongoing stock market rally, not all businesses are benefiting from bullish sentiment. McDonald's (MCD -0.03%) is an example.Its shares are down 5% this year (as of March 27). And they currently sit almost 7% below their peak price. Investors looking to add a blue chip to their portfolios might be eyeing this opportunity.Should you buy this top restaurant stock hand over fist and hold through 2024 and beyond? To help us answer that question, let's dive into some valid reasons on both sides of the ...

When it comes to fast-food burger chains, the first name that likely comes to mind is McDonald's (MCD -0.03%). After all, the quick-serve restaurant operator has over 41,800 locations across the globe. Its golden arches are one of the most iconic logos in the world, and the company is a marketing machine.However, McDonald's stock is not the best investment option in the quick-service hamburger space today -- that title belongs to Shake Shack (SHAK -0.24%). So why does this smaller rival have more potential ...