McDonald's Shares Plummet 6.1% on Franchisee Support Plan Concerns

McDonald's shares plummeted by up to 6.1% on Thursday, marking its largest single-day decline since March 2020.

The drop was largely attributed to the company's announcement of an $8.5 billion franchisee support plan through 2036, which includes $5 billion in rent relief and capital funding by 2030.

Investors were concerned about the immediate expenses associated with this plan, pushing MCD down and competitors like Wendy's and Yum! up.