McDonald’s all day breakfast may have bolstered the chain’s public perception and spiked optimism in higher sales, but the restaurant still has a lot of ground to recover.
According to the Wall Street Journal, McDonald’s board member, Miles White said, “The company is close to deciding what (if anything) it will do to its massive U.S. real estate holdings.”
McDonald’s business model has always stressed the importance of owning its property, but steadily declining sales could prompt the burger giant to spin off its U.S. holdings.
An analyst from Morgan Stanley estimated that McDonald’s real estate worth in the United States is $16 billion to $18 billion, according to the Wall Street Journal.
