November 5, 2019

From Today's Wall Street Journal

"The typical McDonald’s restaurant in the U.S. generated about $360,000 in cash flow annually, an executive said in March, down roughly $30,000 from two years earlier. Franchisees have formed an independent association to press their interests.".....
"Mr. Kempczinski said in an interview Sunday that operators are enjoying a record year for cash flow. Average cash flow for franchisees has grown for 11 consecutive months through September, executives said last month."
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A Small Fraction of the Avalanche of McDonald's Articles

McDonald's CEO Shakeup Higlights Franchisee Battle - Business Insider

New McDonald's CEO Has Tense Relationship With Franchisees - Crains

Another Executive Leaves McDonald's - Restaurant Business
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