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Search results for kempczinski

McDonald's is losing customers to inflation
4 months, 3 weeks ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. LEILA FADEL, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. UNIDENTIFIED PERSON: Looking for a reason to try the new $5 meal deal at McDonald's? SELYUKH: This deal for …

Mcdonald Npr Selyukh Free Fries
McDonald’s sales fall globally for first time in over three years
4 months, 3 weeks ago

McDonald’s sales fall globally for first time in over three years

Al Jazeera  

McDonald’s CEO Chris Kempczinski says low-income consumers eating at home and finding other ways to economise. McDonald’s worldwide sales fell 1 percent in the April-June period, the fast food giant said on Monday, the first drop since the last quarter of 2020, when the COVID-19 pandemic and government restrictions closed businesses and kept millions of people at home. McDonald’s CEO …

Fast Food Kempczinski
McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
4 months, 3 weeks ago

McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash

Associated Press  

They’re not lovin’ it. McDonald’s 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. The company said it’s working on fixes, like meal deals and new menu items, but it expects same-store sales to be down for the next few quarters. “Consumers still recognize …

Company Kempczinski
McDonald's is losing customers to inflation
4 months, 3 weeks ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald's announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. MARY LOUISE KELLY, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. SELYUKH: For a while, McDonald's benefited a lot from people trading down, choosing to go there instead of …

Mcdonald Npr Selyukh
McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices
7 months, 1 week ago

McDonald’s plans $5 US meal deal next month to counter customer frustration over high prices

Associated Press  

McDonald’s plans to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customers’ frustration with high prices. “We know how much it means to our customers when McDonald’s offers meaningful value and communicates it through national advertising,” McDonald’s said in a statement Wednesday. McDonald’s said earlier this year that it was seeing fewer U.S. …

Deal Kempczinski Food Prices Customer Frustration
In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
9 months ago

In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks

Al Jazeera  

Boycotts over the Gaza war are hitting big brands in Southeast Asia despite local owners denying links to Israel. “The most pronounced impact that we’re seeing is in the Middle East and in Muslim countries like Indonesia and Malaysia,” McDonald’s CEO Chris Kempczinski said in an earnings call. “So long as this conflict, this war is going on we’re not …

War Indonesia Gaza Israel Israeli Muslim Last Year
Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
10 months, 2 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

Food Prices Sales Connecticut Taco Bell Mcdonald Fast
$18 combo meal! After price criticism McDonalds CEO vows to cut prices
10 months, 2 weeks ago

$18 combo meal! After price criticism McDonalds CEO vows to cut prices

Hindustan Times  

McDonald’s CEO Chris Kempczinski has addressed the criticism from customers who are unhappy with the rising prices of the fast food chain’s menu items. He also revealed that customers with low incomes, earning less than $45,000 per year, were ordering less from McDonald’s, and opting to eat at home more often, as the price of groceries went down. “The battleground …

Price Customers
McDonald’s blames Israel’s war in Gaza for missing sales target
10 months, 2 weeks ago

McDonald’s blames Israel’s war in Gaza for missing sales target

Al Jazeera  

Slump comes after customers in Muslim countries boycotted brand over its perceived support for Israel. McDonald’s has cited Israel’s war in Gaza as a factor in the fast food giant missing its first quarterly sales target in nearly four years. McDonald’s CEO Chris Kempczinski said on Monday that the war had had a “disheartening” effect on sales in Middle Eastern …

Sales Gaza Israel Muslim Kempczinski Muslim Countries
McDonald’s chief says anti-Israel boycotts hitting sales
11 months, 2 weeks ago

McDonald’s chief says anti-Israel boycotts hitting sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The CEO of McDonald’s, Chris …

Business Boycott Israel Malaysia Kempczinski Bds Mr Kempczinski
McDonald's closes US offices ahead of layoffs: WSJ
1 year, 8 months ago

McDonald's closes US offices ahead of layoffs: WSJ

Firstpost  

McDonald’s has closed its U.S. offices for a few days as the company prepares to inform corporate employees about layoffs, according to a published report. The Wall Street Journal cited an internal email from the Chicago fast-food giant saying U.S. corporate staff and some employees overseas should work from home while the company notifies people of their job status. The …

Employees Company Mcdonald Kempczinski Offices Ahead
Tyson foods joins Caterpillar and Boeing in ditching Chicago amid huge crime wave
2 years, 2 months ago

Tyson foods joins Caterpillar and Boeing in ditching Chicago amid huge crime wave

Daily Mail  

Tyson Foods has become the latest company to shutter its Chicago-area offices in response to rampant crime seen under progressive Mayor Lori Lightfoot, joining Boeing, Caterpillar, and several others to turn tail and flee the Windy City. Crime has soared under Mayor Lori Lightfoot, an African-American progressive who slashed $59million from her city's police budget in 2020 but performed an …

Crime Gun Violence Pandemic Office Boeing City 2020
McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy
2 years, 7 months ago

McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy

Live Mint  

When the first golden arches appeared in Moscow’s Pushkin Square in 1990, it didn’t matter that it was mid-winter. McDonald’s chief executive officer Chris Kempczinski recalled that the company’s entry to the Russian market 32 years ago had been a triumph of hope. Kempczinski says he considered the legal constraints on operations, whether the brand could meet customer needs and …

Russia Putin Russian Moscow Russians
McDonald’s to quit Russia because of ‘humanitarian crisis in Ukraine’
2 years, 7 months ago

McDonald’s to quit Russia because of ‘humanitarian crisis in Ukraine’

The Independent  

McDonald’s has announced that it will sell all 850 of its restaurants in Russia, more than three decades after it opened its first store in the country. Chris Kempczinski, McDonald’s CEO, said “it is impossible to ignore the humanitarian crisis caused by the war in Ukraine”. “And it is impossible to imagine the Golden Arches representing the same hope and …

Humanitarian Crisis Ukraine Russia Russian
McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country
2 years, 7 months ago

McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country

News 18  

American fast-food giant McDonald’s said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more than three-decade run begun in the hopeful period near the end of the Cold War. But on Monday the “Big Mac” maker went a step further, saying the company “is pursuing the sale of its entire portfolio of McDonald’s restaurants …

Ukraine Russia Company Russian Moscow Kempczinski
McDonald’s transformed Russia … now it’s abandoning the country
2 years, 9 months ago

McDonald’s transformed Russia … now it’s abandoning the country

CNN  

New York CNN Business — When McDonald’s opened its doors in Moscow for the first time, it was a big deal. There often wasn’t food that was listed.” McDonald’s was an “almost magical place where food always replenished itself and people smiled at you,” she said. “And, and then eventually, we went one time, and it was doable.” For Frankopan, …

Food Russia Cnn Russian Moscow Opening Big
Mothercare and Heineken become latest Western firms to pull out of Putin's pariah state
2 years, 9 months ago

Mothercare and Heineken become latest Western firms to pull out of Putin's pariah state

Daily Mail  

Heineken and Mothercare have today joined the growing list of companies to suspend operations in Russia following its invasion of Ukraine. Uniqlo refuses to close Russia stores, after Zara and H&M suspend all operations in country following Ukraine invasion Uniqlo has ruled out suspending its operations in Russia following Vladimir Putin's invasion of Ukraine. Pepsi's long-time rival, Atlanta-based Coca-Cola, which …

Ukraine British Operations Company Western Putin Moscow
McDonald's, Starbucks, Coke, Pepsi, General Electric temporarily suspended Russia operations
2 years, 9 months ago

McDonald's, Starbucks, Coke, Pepsi, General Electric temporarily suspended Russia operations

Firstpost  

McDonald’s said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” Detroit: McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric — ubiquitous global brands and symbols of US corporate might — all announced Tuesday they were temporarily suspending their business in Russia in response to …

Ukraine Companies Company Russian Stores Continue Starbucks
McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
2 years, 9 months ago

McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia

Associated Press  

DETROIT — McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempczinski said in …

Ukraine Russia Companies Company Russian Stores Starbucks
Russia Ukraine War: McDonald's, Starbucks, Coke, Pepsi suspend business in Russia
2 years, 9 months ago

Russia Ukraine War: McDonald's, Starbucks, Coke, Pepsi suspend business in Russia

India TV News  

Highlights McDonald’s said its restaurants in Russia and Ukraine contribute 9% of its annual revenue McDonald’s said it has donated over $5 million to its employee assistance fund and to relief efforts Burger King also said it is redirecting the profits from its 800 Russian stores to relief efforts McDonald's, Starbucks, Coca-Cola, PepsiCo and General Electric have announced they were …

Business Ukraine Russia Russian Mcdonald Starbucks Pepsico
McDonald’s finally bows to pressure and shuts all 850 stores in Russia
2 years, 9 months ago

McDonald’s finally bows to pressure and shuts all 850 stores in Russia

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As a System, we join the world in …

Ukraine Russia Kempczinski 850 Restaurants Mr Kempczinski
McDonald's, Coca-Cola and Starbucks shut down in Russia as iron curtain returns
2 years, 9 months ago

McDonald's, Coca-Cola and Starbucks shut down in Russia as iron curtain returns

The Telegraph  

McDonald’s, PepsiCo, Coca-Cola and Starbucks are all shutting operations in Russia as a new iron curtain descends between Moscow and the West. It comes after Britain, the US and the European Union set out plans to ditch Russian oil and gas in a move which President Joe Biden said was aimed at "targeting the main artery of Russia's economy". McDonald's …

Russia Thing Mcdonald Starbucks Pepsico
TikTok creator Charli D’Amelio made $17.5 million in 2021
2 years, 11 months ago

TikTok creator Charli D’Amelio made $17.5 million in 2021

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Million Tiktok Forbes Our Weekly Guide Charli Popular Creator
McDonald's Sues Ousted CEO For 'Silence And Lies' About Sex With Employees
4 years, 4 months ago

McDonald's Sues Ousted CEO For 'Silence And Lies' About Sex With Employees

Huff Post  

LOADING ERROR LOADING - McDonald’s Corp said on Monday it sued former Chief Executive Steve Easterbrook to recoup tens of millions of dollars in severance and benefits, claiming he covered up and lied about sexual relationships with at least three employees. The lawsuit came nine months after McDonald’s ousted Easterbrook without cause, after determining he had engaged in a non-physical, …

Sex Employee Ousted Ceo Easterbrook