McDonald's Pausing Restaurant Reopenings

McDonald's (NYSE: MCD) is putting the brakes on the planned reopening of the restaurants throughout its system, various news media outlets are reporting. The fast-food giant will pause the reopenings for 21 days, in the wake of a spike in coronavirus cases throughout the U.S.

The Wall Street Journal, which broke the story, quoted a letter co-written by the company's U.S. president, Joe Erlinger, and the head of the National Franchisee Leadership Alliance, Mark Salebra, as saying: "[o]ur resiliency will be tested again. COVID-19 cases are on the rise."

Image source: McDonald's.

Source Fool.com