McDonald's Outlines Restructuring Charges in Recently Completed Quarter
October 13 2016 - 5:13PM
Dow Jones News
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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