McDonald's boosts third quarter sales by emphasizing value but warns customers remain pressured
Read full article: McDonald's boosts third quarter sales by emphasizing value but warns customers remain pressuredMcDonaldโs sales got a lift from Snack Wraps and other value-oriented products and in the third quarter.
Coming price cuts at McDonald's may signal a broader fast food price war
Read full article: Coming price cuts at McDonald's may signal a broader fast food price warMcDonaldโs is cutting prices on some combo meals to woo back customers whoโve been turned off by the rising costs of grabbing a fast food meal.
McDonald's says its focus on value -- and a must-have Minecraft meal -- boosted second-quarter sales
Read full article: McDonald's says its focus on value -- and a must-have Minecraft meal -- boosted second-quarter salesA focus on value, along with hot products like a โMinecraftโ-themed meal, helped McDonaldโs turn around its sagging sales in the second quarter.
McDonald's is closing its CosMc's restaurants but plans to test drinks the chain 'inspired'
Read full article: McDonald's is closing its CosMc's restaurants but plans to test drinks the chain 'inspired'McDonaldโs says it's closing down CosMcโs, a new restaurant format it began piloting in the U.S. last year.
McDonald's same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
Read full article: McDonald's same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cashMcDonaldโs global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options.
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Read full article: Despite numbers showing a healthy economy overall, lower-income spenders are showing the strainCracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
McDonald's testing new CosMc's chain amid unprecedented global expansion
Read full article: McDonald's testing new CosMc's chain amid unprecedented global expansionMcDonaldโs is testing a new restaurant format with customizable drinks and treats designed to appeal to afternoon snackers โ and grab sales from competitors like Starbucks and Dunkinโ.
McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
Read full article: McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectationsMcDonaldโs said Monday itโs pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers.
Grimace campaign that went weirdly viral fuels McDonald's Q2, yet growth may slow as inflation cools
Read full article: Grimace campaign that went weirdly viral fuels McDonald's Q2, yet growth may slow as inflation coolsMcDonaldโs is grinning thanks to Grimace after a marketing campaign to celebrate the โbirthdayโ of its big purple mascot went viral and contributed to surprisingly strong second quarter sales.
McDonald's, Starbucks, Coke, Pepsi join exodus out of Russia
Read full article: McDonald's, Starbucks, Coke, Pepsi join exodus out of RussiaMcDonaldโs, Starbucks, Coca-Cola, PepsiCo and General Electric all announced Tuesday they were suspending their business in Russia in response to the countryโs invasion of Ukraine.
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McDonald's US sales strong in Q4, but COVID drags elsewhere
Read full article: McDonald's US sales strong in Q4, but COVID drags elsewhereU.S. same-store sales jumped 5.5% in the October-December period, pumped up by new menu items like spicy Chicken McNuggets and a meal deal collaboration with Colombian singer J Balvin. For the full year, McDonald's said U.S. same-store sales __ or sales at stores open at least a year __ were up less than 1%, their sixth consecutive year of growth. But worldwide, same-store sales were down 1.3% for the quarter, reflecting store closures and limited operating hours in various markets across Europe, Latin America and Asia. For the full year, global same-store sales were down 7.7%, a bigger decline than the 7% drop Wall Street had forecast, according to analysts polled by FactSet. Earlier this week, Starbucks said its global same-store sales fell 5% in the October-December period.
As McDonald's CEO learned, workplace romance can be perilous
Read full article: As McDonald's CEO learned, workplace romance can be perilousMcDonald's sank 2.3% after its CEO was ousted after violating company policy by having a relationship with an employee. McDonald's CEO Steve Easterbrook is only the latest chief executive to be ousted over a consensual relationship with an employee. Increasingly, U.S. companies are adopting policies addressing workplace romances, a trend that began well before the #MeToo movement galvanized a national conversation surrounding sexual misconduct. Easterbrook's departure comes as McDonald's steps up its efforts to stop sexual harassment after dozens of employee complaints. Over the last three years, more than 50 McDonald's employees have filed cases alleging sexual harassment with the U.S.
Second McDonald's executive out after CEO fired
Read full article: Second McDonald's executive out after CEO firedCHICAGO, IL McDonald's lost its top human resources executive Monday, days after the company's CEO was fired for having a relationship with an employee. The British businessmen are close friends; Fairhurst was promoted to his position in 2015 after Easterbrook became CEO. McDonald's announced Sunday that Easterbrook was fired for violating company policy by having a consensual relationship with an employee. He can also exercise stock options that have vested or will vest within three years. McDonald's board named Chris Kempczinski as the company's new president and CEO.
McDonalds CEO pushed out after relationship with employee
Read full article: McDonalds CEO pushed out after relationship with employeeNEW YORK, NY McDonald's chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. In an email to employees, Easterbrook acknowledged he had a relationship with an employee and said it was a mistake. McDonald's board of directors voted on Easterbrook's departure Friday after conducting a thorough review. The board of directors named Chris Kempczinski, who recently served as president of McDonald's USA, as its new president and CEO. He was instrumental in the development of McDonald's strategic plan and oversaw the most comprehensive transformation of the U.S. business in McDonald's history, said Enrique Hernandez, chairman of McDonald's board, in a statement.
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