McDonald’s Might Defer Rent Payments for Franchisees Hurt by Coronavirus Closures
On Tuesday, McDonald's (NYSE: MCD) issued an update to investors on its operating trends related to the spread of COVID-19 and related restaurant closures.
The company said restaurants have been ordered temporarily closed by national or local governments in many of its markets, including Italy and Spain. Essentially all its fast-food stores in the U.S. are now operating on a "to-go" only offering that restricts seating capacity in order to maximize social distancing.
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Source Fool.com
