Tag: $McDonald’s

McDonald’s posted a bigger-than-expected drop in fourth-quarter U.S. comparable sales on Monday, as demand took a hit from a brief E.coli outbreak while diners remained watchful of their spending.

In the wake of last month’s E. coli outbreak tied to McDonald’s slivered onions, the fast-food giant said it will invest more than $100 million to boost restaurant sales and speed up the recovery at affected franchisees.

McDonald’s on Tuesday posted a steeper-than-expected drop in quarterly global comparable sales, hurt by weaker traffic across its key markets even as it intensified promotions to woo back customers after several years of price hikes.

Shares in McDonald’s dropped by as much as 10 per cent after US public health authorities linked a fatal E. coli outbreak affecting 10 states with the fast-food chain’s Quarter Pounder hamburgers.

McDonald’s has unveiled plans to open more than 200 new restaurants in the United Kingdom and Ireland, which it expects will create over 24,000 jobs.

McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales declined across every division.

McDonald’s will extend its $5 value meal in most U.S. markets, saying the deal is helping to boost traffic.

McDonald’s fell short of Wall Street estimates for first-quarter sales on Tuesday as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on the burger chain’s international sales.

McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday.

McDonald’s suffered a system failure Friday that left customers in some parts of the world unable to order food.

McDonald’s reported its first quarterly sales miss in nearly four years on Monday, squeezed by weak sales growth in its business division that includes the Middle East, China and India.

 McDonald’s CEO Chris Kempczinski said on Thursday several markets in the Middle East and some outside the region were experiencing a “meaningful business impact” due to the Israel-Hamas conflict as well as “associated misinformation” about the brand.

SHANGHAI, Dec 4 (Reuters) – The decision by McDonald’s to take greater control of its China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky – but the potential pay-off is great, analysts say.

McDonald’s third-quarter earnings and revenue beat Wall Street’s estimates.

McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees.

McDonald’s on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its China sales rebound and mascot Grimace drives U.S. visits.