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MarketScreener Homepage  >  Equities  >  Nyse  >  McDonald's Corporation    MCD

MCDONALD'S CORPORATION (MCD)
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McDonald : closed for renovations

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10/05/2017 | 01:52am CEST

Oct. 04--The McDonald's restaurant located at 302 E. Main St. in Waynesboro is temporarily closed for renovations. The work began Wednesday and is expected to take about three weeks.

The restaurant is scheduled to reopen in late October, according to a press release issued by local franchise owner/operator Delamor Enterprises.

The renovation will include new exterior design; new interior dining room; fresh landscaping; a newly configured drive-thru; table service where guest orders will be personally delivered by McDonald's crew members; and new self-order kiosk technology. The kiosk will provide another ordering option for guests, but orders will continue to be taken by crew members at the restaurant's traditional counter.

"We're focused on enhancing our customers' experience and giving them more convenient options when selecting how they order and receive their food," said Steven Delamater, owner/operator of the WaynesboroMcDonald's. "As a result, customers visiting the WaynesboroMcDonald's will be able to customize their experience -- whether they are ordering at our counter the same way they always have, using our kiosks, or taking advantage of our newly-configured drive-thru. Every customer needs to know that no jobs will be lost due to the new technology."

As a result of the renovations and increased customer service options, the restaurant is expected to see a 20 percent increase in hiring in the near future.

Applications for the Waynesboro restaurant are currently being accepted and will continue to be accepted throughout the renovation process and through the end of October.

The drive-thru model will have the same footprint as the Chambersburg location on Lincoln Way East, according to Delamater.

Currently in Waynesboro, vehicles often have to wait on a busy Main Street before entering the lot and drive-thru line.

The restaurant first opened its doors in 1974.

"We're extremely proud to operate a local business in Waynesboro, and we're making a significant investment through the renovation process to update our building and service for the convenience of our customers," added Delamater, who purchased the Waynesboro franchise in 1986. It was the first restaurant for Delamater, who now owns 10 McDonald's franchises throughout Franklin, Fulton and Bedford counties.

Delamater plans to roll out a 7-to-10 day grand re-opening schedule which is expected to include reduced food offers, activities, prizes and a laser show by DayStar Productions.

"We look forward to welcoming this community back into our restaurant in just a few short weeks," Delamater said.

___

(c)2017 The Record Herald, Waynesboro, Pa.

Visit The Record Herald, Waynesboro, Pa. at www.therecordherald.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 21 045 M
EBIT 2018 9 072 M
Net income 2018 5 937 M
Debt 2018 28 460 M
Yield 2018 2,60%
P/E ratio 2018 20,96
P/E ratio 2019 19,29
EV / Sales 2018 7,18x
EV / Sales 2019 7,35x
Capitalization 123 B
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Technical analysis trends MCDONALD'S CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 183 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Stephen J. Easterbrook President, Chief Executive Officer & Director
Enrique Hernandez Non-Executive Chairman
James R. Sappington Executive VP-Operations & Technology Systems
Kevin M. Ozan Chief Financial Officer & Executive Vice President
Robert A. Eckert Independent Director
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