McDonald's Corp. said late Thursday it expects to book about $130 million in pre-tax charges in the third quarter for restructuring efforts. The fast-food franchise said the charges work out to 12 cents a share after taxes. The charges are part of the company's effort to refranchise about 4,000 restaurants by the end of 2018 in an effort to save about $500 million. McDonald's, which is expected to report on Oct. 21, is expected to post earnings of $1.49 a share, according to analysts surveyed by FactSet. Shares of McDonald's rose 0.3% to $115.76 after hours.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.