Posted on Aug 08, 2011
Monday's Financial Meltdown: the Franchise Fallout
Today, Monday, August 8th, marked the 6th biggest drop that this country's stock market has ever experienced and its worst fall since 2008. The Dow Jones dropped to 10,809.85 (-5.55%), the S&P 500 fell to 1,119.46 (-6.66%), and the Nasdaq performed the worst of all, dropping to 2,357.69 (-6.90%). This all due in large part to concerns that a downgrade of the United States' credit rating may worsen the economic slowdown.
Clearly, no industry is immune to the overwhelming effects of the bear market the country is currently facing. Some franchises -- restaurants, specifically -- took an especially tough hit today. On the evening of one of the biggest financial single-day financial meltdowns that this country has seen, let's take a look at the performances of some publicly traded franchise opportunities (with companies in red having fared worse than the S&P 500 on the day).
Performance of Publicly Traded Franchises on Monday, 8/8/2011
- 1-800 Flowers franchise (-16.36%)
- Blockbuster Video Store franchise (-16.28%)
- Ameriprise Financial franchise (-12.38%)
- Denny's franchise (-11.76%)
- Buffalo Wild Wings franchise (-9.60%)
- Domino's Pizza franchise (-8.67%)
- DineEquity (Applebee's International franchise) (-6.89%)
- Chipotle franchise (-6.36%)
- Dunkin' Brands Group (Dunkin Donuts franchise) (-4.35%)
- Choice Hotels International franchise (-4.33%)
- McDonald's franchise (-3.49%)
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