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McDonald's racks up $130M in Q3 charges

October 14, 2016

McDonald’s will incur $130 million in pretax charges — or about 12 cents per share after taxes — for restructuring and non-cash impairment charges as a result of General and Administrative (G&A) expenses and previously announced refranchising initiatives, according to a company press release. 

The refranchising initiatives were first disclosed in November 2015 and include refranchising 4,000 restaurants by the end of 2018, as well as a net savings goal of $500 million. McDonald’s said it expects more charges in connection with these initiatives in the future.