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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| McDonalds Corp | NYSE:MCD | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -2.78 | -1.02% | 270.4998 | 274.62 | 268.89 | 274.14 | 2,642,345 | 01:00:00 |
From May 2019 to May 2024
By Josh Beckerman
McDonald's Corp. said Thursday that it expected to book pretax charges of about $130 million in its September quarter related to the company's previously announced restructuring and refranchising efforts.
Last November, among other moves, McDonald's announced plans to increase the number of restaurants it would to sell to franchisees to 4,000 by the end of 2018, from its earlier target of 3,500.
McDonald's said Thursday that the charges total 12 cents a share after taxes and that it expected to incur more such costs in the future. The company will provide more details on the charges and its refranchising moves when it reports earnings on Oct. 21.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 13, 2016 16:58 ET (20:58 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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