Bank of America restaurant analyst Sara Senatore recently attended the ICR 2022 conference and viewed presentations from 39 different restaurants. On Thursday, Senatore said the industry will continue to face unique challenges in 2022.
It’s no secret traders and investors supported tech companies in droves in 2021. So perhaps overlooked is a certain Louisville, Kentucky-based pizza chain that has delivered impressive returns over the past year.
Fast food giant McDonald’s Corp (NYSE: MCD) has been one of the largest restaurants in the world by number of units and annual revenue for many years. The company dominates the sector with a franchise model, strong location selection, new products and fan favorites.
McDonald’s Corporation (NYSE: MCD) has agreed to a $33.5 million settlement in a case involving a former baseball player who accused the company of racial discrimination in allocating its franchise locations.