Investing.com - Shares of McDonald's fell on Thursday a day after a group of McDonald's franchisees met to air out their concerns about the burger giant’s plans for improving weak sales.
The group of about 400 restaurant owners told The Wall Street Journal that they are yet to see a meaningful return on their investment for upgrades that are part of the company's plan to boost sales, which include updating stores, adding touch-screen kiosks and new refrigerators needed to serve fresh burgers.
This rate move comes as McDonald's attempts to turn around slowing sales growth.
The burger chain has also faced calls from Vermont Senator Bernie Sanders to raise its minimum wage to $15 per hour.
McDonald’s (NYSE:MCD) fell by 3% to trade at $163.27 by 14:35 (18:35 GMT) on Thursday on the NYSE exchange.
The volume of McDonald’s shares traded since the start of the session was 3.32 million. McDonald’s has traded in a range of $163.25 to $167.67 on the day.
The stock has traded at $172.00 at its highest and $163.27 at its lowest during the past seven days.