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McDonald's Declines Most in 17 Months; IonQ Rallies; Cracker Barrel Gains
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- McDonald’s (MCD) 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.
The company will deploy the money — a mix of capital support and rent relief — through 2036, according to a statement Wednesday before the fast-food chain’s investor day. The funds will be used for modernizing restaurants, adding technology and other improvements, as part of a plan unveiled earlier this year. The chain has about 44,000 franchised locations, roughly 95% of its total.
- IonQ (IONQ) shares gain after the quantum computing company said it developed the tech industry’s first end-to-end real-time quantum error correction decoder that runs on a single standard off-the-shelf central processing unit (CPU).
- Cracker Barrel (CBRL) climbs after the restaurant chain provided an adjusted Ebitda forecast for fiscal 2027 that beat the average analyst estimate.
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