McDonald's Exec, On California Wage Increases, Says There Will "Certainly Be A Hit In The Short Term To Franchisee Cash Flow" In California
Portfolio Pulse from Benzinga Newsdesk
McDonald's executive has stated that the wage increases in California will 'certainly be a hit in the short term to franchisee cash flow'.
October 30, 2023 | 1:50 pm
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McDonald's is expected to face a short-term impact on franchisee cash flow due to wage increases in California.
The wage increases in California will increase the operating costs for McDonald's franchisees. This will reduce their cash flow in the short term, which could potentially impact McDonald's revenues and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100