McDonald’s CorporationMcDonald's is earmarking roughly $8.5 billion to help franchisees implement a multiyear overhaul plan.
McDonald's is earmarking roughly $8.5 billion to help franchisees implement a multiyear plan to serve better food, improve service and make restaurants easier to run, news announced as the company held its investor day in Chicago. Cracker Barrel shares gained after the restaurant chain provided an adjusted Ebitda forecast for fiscal 2027 that beat the average analyst estimate, with the stock up 7% on the day and 79% over a longer stretch. KB Home shares dropped after the homebuilder lowered the upper end of its housing revenue forecast for the full year and cut its housing gross profit margin for 2026, citing worsening conditions in the housing industry. The moves came as mortgage rates reached their highest level in two years at 7.12%.
McDonald’s CorporationMcDonald's is earmarking roughly $8.5 billion to help franchisees implement a multiyear overhaul plan.
Cracker Barrel Old Country StoreCracker Barrel provided an adjusted Ebitda forecast for fiscal 2027 that beat the average analyst estimate, sending shares up 7%.
KB HomeKB Home lowered the upper end of its full-year housing revenue forecast and cut its 2026 housing gross profit margin.