Here's a potential game-changer in the ongoing fast-food living wage strikes: The AP reports that this afternoon, the National Labor Relations Board ruled that the McDonald's Corporation is considered a "joint employer" along with its franchisee owners.
The latest development comes as McDonald's Corporation (NYSE:MCD) and Yum! Brands, Inc. (NYSE:YUM) are battling a food safety scandal in China after an investigative report aired by a Chinese state media television network.
Chipotle Mexican Grill, Inc. (NYSE:CMG) and McDonald's Corporation (NYSE:MCD) according to 'Mad Money' analyst Jim Cramer on CNBC are statement stocks that portray what people want to eat and what investors want to buy.
This shift has created an environment in which a company like McDonald's (NYSE: MCD) has been put on its heels and forced to play catch up to competitors like Chipotle Mexican Grill (NYSE: CMG) and Panera (Nasdaq: PNRA).
Two years from the last Chinese food safety scandal that hit Yum! Brands, Inc. (NYSE:YUM) and McDonald's Corporation (NYSE:MCD), the two companies find themselves surrounded by another scandal, once again.
But even as Starbucks and other rivals expand aggressively overseas, McDonald's has failed to restore its previous success, and investors are getting impatient for the company to break out of its funk and find a winning strategy for recovery. Let's ...
McDonald's Corporation is scheduled to announce its second quarter earnings report on July 22. The burger giant has been reporting disappointing results in the last few quarters with a comparatively weaker performance last year.