Considering some of the revenue is transaction based, and the reported quarter covers the most extreme lockdowns in most of the world, the results don't look bad to me. Still plenty of growth ahead of them.
Didn't they say they changed the fee structure to country-based with Maccas? I am not too sure what it exactly means, but it sounded like they moved away from a transaction-based model with Maccas.
Didn't they say they changed the fee structure to country-based with Maccas? I am not too sure what it exactly means, but it sounded like they moved away from a transaction-based model with Maccas.
Both are true. They have contacts with each country McDonald's operates in, rather than a single overall contact. They have also been trying to transition the terms to more transaction based rather than fixed revenue. I presume that the more recent countries to sign up with Plexure have transaction based contracts and earlier countries do not, but I haven't actually seen that reported.
Based on these results.... they are heading for a loss of over $4 million per year on revenue's of $30 million. All of that money I thought they would use for an acquisition is getting gobbled up for increased expenses.
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Originally Posted by mfd
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