Industry News | May 23, 2002
McDonald's to Consider More Partner Chains
"We are looking for brands with the potential to impact our business, and we're looking at things that can grow to at least 1,000 restaurants," McDonald's Chief Financial Officer Matthew Paull said during the company's annual shareholders meeting in Oak Brook, Illinois.
According to industry reports, McDonald's expects its non-hamburger "partner" brands to add up to 2 percent to the company's total operating income over the next five years. Shares of McDonald's were off 45 cents to $30.20 in afternoon trading on the New York Stock Exchange.
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