McDonald’s To Raise Royalty Fees for New Franchise Restaurants in US, Canada
September 22, 2023
McDonald’s is set to increase royalty fees for new franchise restaurants in the U.S. and Canada, marking the first hike in nearly thirty years, according to a letter seen by Reuters. Starting Jan. 1, the fees will rise from 4% to 5%, aligning with charges in other global markets. This move comes as the fast-food chain adjusts to a slowdown in revenue growth amid easing inflation, and the impact on McDonald’s revenue is expected to be minimal, given the low number of new store openings in the U.S.
Recent News
Indeed Announces 1,000 Workers Will Be Laid Off
The job search engine is experiencing some layoffs of its own.
Walmart To Lay off Hundreds of Corporate Staff Members
Walmart is set to lay off hundreds of its corporate staff members. The retail giant will also ask their remote workers to return to the office on a hybrid schedule.
Diamond Industry Shakeup: Anglo Divorces De Beers
The diamond industry is facing a seismic shift as Anglo American Plc announces plans to part ways with its iconic De Beers business.
Home Depot’s First-Quarter Revenue Disappoints
Home Depot, a major player in the home improvement retail sector, recently released its fiscal first-quarter earnings, revealing a complex picture of consumer behavior influenced by economic factors. While the company’s earnings per share exceeded expectations, its revenue fell short, indicating a trend of deferred spending among customers.