The coronavirus pandemic is straining McDonald’s relationship with its U.S. franchisees once again.
The fast-food giant is pushing for franchisees to do more to protect their workers, while franchisees are asking for more financial relief to keep them afloat. Franchisees operate 95% of McDonald’s 14,000 U.S. restaurants.
McDonald’s is deferring rent for three months for franchisees to lessen the financial blow of social distancing measures. Only about one-third of its U.S. franchisees will be asked to pay March rent. Operators who have seen the sharpest sales drops are also receiving deferrals on service fees.
The fast-food giant is pushing for franchisees to do more to protect their workers, while franchisees are asking for more financial relief to keep them afloat. Franchisees operate 95% of McDonald’s 14,000 U.S. restaurants.
McDonald’s is deferring rent for three months for franchisees to lessen the financial blow of social distancing measures. Only about one-third of its U.S. franchisees will be asked to pay March rent. Operators who have seen the sharpest sales drops are also receiving deferrals on service fees.
Key Points
- McDonald’s management and U.S. franchisees are once again at odds, this time due to the coronavirus pandemic.
- Franchisees
want more financial assistance from McDonald’s, while the company is
asking operators to provide more support for restaurant workers.
- McDonald’s U.S. same-store sales fell 13% in March.
I mean if Ronald McDonald is having problems as the largest take-out drive through operation...whoa!
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- - Volume: 8 - WEEK: 17 Date: 4/21/2020 8:34:03 AM -