McDonald’s sales have plunged because of coronavirus
4 years, 9 months ago

McDonald’s sales have plunged because of coronavirus

CNN  

New York CNN Business — McDonald’s was enjoying a great start to 2020 but that all changed once the Covid-19 pandemic hit Europe and the United States. US sales held up better while European sales plunged McDonald’s said that 75% of its restaurants worldwide are operating but that France, Italy, Spain and the United Kingdom have fully closed all restaurants. Before March, McDonald’s said that US comparable sales at restaurants open at least a year were up 8% during the first quarter while international sales rose more than 7%. McDonald’s is continuing to receive a steady stream of food, packaging, toys for Happy Meals and other equipment and that it is “working closely with suppliers on contingency planning.” Kempczinski also acknowledged that the coronavirus outbreak was hitting McDonald’s small business franchisee owners particularly hard and he vowed to help support these partners. Stifel analyst Chris O’Cull noted in a report Wednesday that the company paid $3.6 billion in dividends last year and that “politically, it may be difficult for McDonald’s to continue to pay a hefty dividend, while its franchisees accept federal government financial support.” Shares of McDonald’s rose slightly on Wednesday – lagging the gains of the broader market.

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History of this topic

McDonald’s spends $100 million to lure customers back after E. coli outbreak
1 month, 3 weeks ago

McDonald’s spends $100 million to lure customers back after E. coli outbreak

CNN  

New York CNN — McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken …

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak
2 months, 1 week ago

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak

The Independent  

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McDonald's value meals turn around US sales in third quarter with customers hungry for deals
2 months, 1 week ago

McDonald's value meals turn around US sales in third quarter with customers hungry for deals

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 Value meals helped turn around …

E. coli Outbreak Threatens McDonald's Value Meals
2 months, 1 week ago

E. coli Outbreak Threatens McDonald's Value Meals

Associated Press  

McDonald's U.S. sales rebounded in the third quarter, but a E. coli outbreak linked to the company's Quarter Pounder hamburgers could dent the recovery. Despite the setback, the value meal has been a success, with the company extending it to December at most of its U.S. stores. However, the outbreak has caused a decline in demand, with the company struggling …

McDonald's will begin selling its Quarter Pounders again amid E. coli outbreak
2 months, 1 week ago

McDonald's will begin selling its Quarter Pounders again amid E. coli outbreak

NPR  

McDonald's will begin selling its Quarter Pounders again amid E. coli outbreak toggle caption Michael M. Santiago/Getty Images McDonald’s says it will resume selling the Quarter Pounder in all its restaurants this week, as 75 people have become sick due to E. coli detected in an onion supply. The company said 900 restaurants across 12 states were receiving onions from …

McDonald's Denies E. coli Outbreak, Says Food is Safe
2 months, 2 weeks ago

McDonald's Denies E. coli Outbreak, Says Food is Safe

CNN  

McDonald's has declared its food safe after an E. coli outbreak tied to Quarter Pounders in the western United States left one dead and 10 hospitalized. The company has stopped using the onions and quarter-pound beef patties in several states and is taking swift action to prevent the outbreak from spreading.

The decline of McDonald’s: How the golden arches lost their shine
4 months, 2 weeks ago

The decline of McDonald’s: How the golden arches lost their shine

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 …

Why Americans are snubbing McDonald’s and Starbucks
5 months, 1 week ago

Why Americans are snubbing McDonald’s and Starbucks

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Earnings season for major food and beverage companies began just this week, but already we’re seeing how American spending habits are evolving in this era of strong employment, steady wages and cooling inflation. People are essentially saying “look, if I’m already going to be overpaying for food, I may …

McDonald’s to ‘rethink’ menu after sales fall for first time in four years
5 months, 1 week ago

McDonald’s to ‘rethink’ menu after sales fall for first time in four years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Beginning last year we warned of a more discriminating consumer, particularly among lower-income households …

McDonald's is losing customers to inflation
5 months, 1 week 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’s sales fall globally for first time in over three years
5 months, 1 week 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 …

McDonald's unhappy meal: Global sales fall for first time since 2020
5 months, 1 week ago

McDonald's unhappy meal: Global sales fall for first time since 2020

Firstpost  

Chief Executive Officer Chris Kempczinski said there is a lot more deal-thinking from consumers who have become “very discriminating”. Global comparable sales fell one per cent in the second quarter, compared with the analysts’ average estimate of a 0.5pc increase. It was set to extend that offer into August to lure back customers who have cut back on frequent restaurant …

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

McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%
5 months, 1 week ago

McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%

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 McDonald's posted weak sales in …

McDonald's is losing customers to inflation
5 months, 1 week 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 …

Americans keep turning their backs on McDonald’s
5 months, 1 week ago

Americans keep turning their backs on McDonald’s

CNN  

CNN — Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, …

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
7 months, 4 weeks ago

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food

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. Read our privacy policy McDonald’s is set to …

Supersize me: McDonald’s plots bigger burgers
8 months, 1 week ago

Supersize me: McDonald’s plots bigger burgers

The Telegraph  

McDonald’s is preparing to roll out a bigger burger to help boost the fast food giant’s flagging sales. The bigger burger comes as McDonald’s grapples with sluggish demand as anti-Israel boycotts continue to hurt its sales. Pro-Palestinan campaign groups have called for diners to boycott McDonald’s after photos and videos on social media showed franchised stores in Israel offering free …

McDonald’s posts weaker-than-expected results after sales hit by boycott
8 months, 1 week ago

McDonald’s posts weaker-than-expected results after sales hit by boycott

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. Customers across the Middle East and in Muslim-majority markets …

McDonald's sales miss market expectations amid boycott calls in several markets
8 months, 1 week ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

McDonald's plans to step up deals and marketing to combat slower fast food traffic
8 months, 1 week ago

McDonald's plans to step up deals and marketing to combat slower fast food traffic

Associated Press  

McDonald’s plans to step up deals and value messaging to combat slowing sales. “The consumer is certainly being very discriminating in how they spend their dollar,” McDonald’s President and CEO Chris Kempczinski said Tuesday during a conference call with investors. AP AUDIO: McDonald’s plans to step up deals and marketing to combat slower fast food traffic. Still, the same-store sales …

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
9 months ago

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts

Al Jazeera  

McDonald’s has been subject to boycotts since franchisee Alonyal announced it would donate free meals to the Israeli military amid Gaza war. ‘It’s a human tragedy’ In February, Kempczinski said that the war had had a “disheartening” effect on sales in Middle Eastern countries and other Muslim-majority nations such as Malaysia and Indonesia. “It’s a human tragedy, what’s going on, …

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, 4 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 …

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon
11 months ago

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon

Hindustan Times  

McDonald's and Starbucks, the two major American restaurant chains, have blamed the Israel-Hamas war for a negative impact on their sales at the end of the last year. McDonald's shares dropped by about 4% on Monday after the company revealed that its fourth-quarter revenue shortfall was partly caused by a slowdown in Middle Eastern sales. Starbucks sales decline in Middle …

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

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024
11 months ago

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024

Associated Press  

After three years of exceptional sales growth, McDonald’s appears to be returning to Earth. “I think we are moving into a 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on,” McDonald’s President and CEO Chris Kempczinski said Monday during a conference call with …

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
1 year, 2 months ago

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

Associated Press  

McDonald’s said it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. McDonald’s said its U.S. traffic fell slightly in the third quarter as it saw fewer visits from customers with annual incomes of $45,000 or less. McDonald’s revenue rose 14% to $6.69 billion, ahead of the $6.56 …

Looking for a refill? McDonald’s is saying goodbye to self-serve soda in the coming years
1 year, 3 months ago

Looking for a refill? McDonald’s is saying goodbye to self-serve soda in the coming years

Associated Press  

NEW YORK — Say goodbye to refilling that Coke. The Chicago-based fast food chain plans to eliminate self-service soda machines at its U.S. restaurants by 2032, McDonald’s confirmed this week. Behind-the-counter soda machines already exist at some other fast food chains — and a handful of McDonald’s locations across the country have also begun the transition. Over recent years, analysts …

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools
1 year, 5 months ago

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools

Associated Press  

McDonald’s is grinning thanks to Grimace after a marketing campaign to celebrate the “birthday” of its big purple mascot went viral and contributed to surprisingly strong second quarter sales. The price increases that have helped fuel McDonald’s sales in recent quarters will moderate as inflation comes down, Chief Financial Officer Ian Borden said Thursday in a conference call with investors. …

McDonald’s first quarter sales boosted by higher prices
1 year, 8 months ago

McDonald’s first quarter sales boosted by higher prices

Associated Press  

McDonald’s reported higher-than-expected sales in the first quarter as store traffic grew despite higher prices. Marketing campaigns, like a McSpicy chicken sandwich promotion with a streetwear brand in China, and a Valentine’s Day meal promotion in the U.S. with rappers Offset and Cardi B, also boosted the chain’s performance. “The customer certainly is dealing with some of the stress and …

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue
1 year, 8 months ago

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue

News 18  

McDonald’s is one of the largest and recognisable fast-food chains in the world, with over 40,000 locations in more than 100 countries. These numbers certainly speak about the volume of the company, but, do you know, the first day sales was $366.12 on April 15, 1955, when McDonald’s opened its first franchise on this day. 1954 Multimixer salesman Ray Kroc …

US retail sales fall 1% amid high inflation, rising rates
1 year, 8 months ago

US retail sales fall 1% amid high inflation, rising rates

Associated Press  

WASHINGTON — Americans cut their spending at retail stores in March for the second straight month, a sign consumers are becoming more cautious after a burst of spending in January. Gas-station sales plunged 5.5% in March, though the data isn’t adjusted for price changes, and gas prices fell last month. Growth likely reached about 2% at an annual rate in …

McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices
1 year, 9 months ago

McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices

Live Mint  

McDonald’s Corp. is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about layoffs undertaken by the burger giant as part of a broader company restructuring. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the company said in the message viewed by The …

Fast food chains report profits in US as inflation weighs on pricier restaurants
1 year, 10 months ago

Fast food chains report profits in US as inflation weighs on pricier restaurants

Firstpost  

Amid rising food prices due to inflation, fast food giants have emerged as the winner in the United States in terms of earnings. As per a CNBC report, a pattern has been seen in the food industry, with fast-food chains appealing to a broader section of customers rather than casual-dining ones or pricier restaurants. McDonald’s, for instance, saw its US …

Adult Happy Meals, McRib, feed McDonald’s sales in Q4
1 year, 11 months ago

Adult Happy Meals, McRib, feed McDonald’s sales in Q4

Associated Press  

Adult Happy Meals and other limited-time promotions boosted traffic at McDonald’s restaurants during the fourth quarter despite higher prices. Sales soared in October after McDonald’s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market. A “farewell tour” for the cult favorite McRib sandwich drew in more U.S. customers in November and World Cup …

Adult Happy Meals, McRib, feed McDonald's sales in Q4
1 year, 11 months ago

Adult Happy Meals, McRib, feed McDonald's sales in Q4

Daily Mail  

Adult Happy Meals and other limited-time promotions boosted traffic at McDonald´s restaurants during the fourth quarter despite higher prices. A "farewell tour" for the cult favorite McRib sandwich drew in more U.S. customers in November and World Cup promotions fueled double-digit increases in delivery sales in McDonald's ten largest markets. Strong sales at home helped overcome weakness in China due …

McDonald’s to sell its business in Russia
2 years, 7 months ago

McDonald’s to sell its business in Russia

Al Jazeera  

Without naming a prospective Russian buyer, McDonald’s said Monday that it would seek one to hire its workers and pay them until the sale closes. More than three decades after it became the first American fast food restaurant to open in the Soviet Union, McDonald’s said Monday that it has started the process of selling its business in Russia, another …

US retail sales rose 0.3% in February as high prices take a bite
2 years, 9 months ago

US retail sales rose 0.3% in February as high prices take a bite

Al Jazeera  

Many retailers are bracing for how the war in Ukraine will worsen supply shortages, with reports already surfacing of limited supplies of wheat, metals, and electronic chips. Retail sales increased 0.3 percent after registering a revised 4.9 percent jump from December to January, driven by wage gains, solid hiring and more money in banking accounts, according to the Department of …

McDonald’s ends 2021 strong, but rising costs ding profit
2 years, 11 months ago

McDonald’s ends 2021 strong, but rising costs ding profit

Associated Press  

McDonald’s ended 2021 on a high note with U.S. customers spending more and fewer restaurant closures in Europe from coronavirus restrictions. McDonald’s reported adjusted earnings of $2.23 per share, 11 cents short of Wall Street expectations, according to analysts polled by FactSet. “But it certainly will pressure both margins and cash flow,” McDonald’s raised hourly pay for 36,000 U.S. employees …

Retail sales record surprise fall in May
3 years, 6 months ago

Retail sales record surprise fall in May

The Telegraph  

Britons put socialising ahead of shopping last month after a surprise fall in retail spending, official figures showed. Sales fell 1.4pc last month - a stark contrast with April's 9.2pc surge as shops reopened - after the return of eating out hit food sales, the Office for National Statistics said. The 5.7pc slide in food sales offset pockets of strength …

McDonald’s comes roaring back as restrictions ease
3 years, 8 months ago

McDonald’s comes roaring back as restrictions ease

Associated Press  

The bounce back for McDonald’s as restrictions were lifted across the U.S. was so strong in the first quarter that the company surpassed sales during the same period even in 2019, long before the pandemic broadsided the country. A new round of federal stimulus checks likely boosted first quarter sales, said McDonald’s U.S. President Joe Erlinger said. McDonald’s said around …

McDonald’s US sales strong in Q4, but COVID drags elsewhere
3 years, 11 months ago

McDonald’s US sales strong in Q4, but COVID drags elsewhere

Associated Press  

McDonald’s is back on track in the U.S. and other key markets but still seeing a sales drag from coronavirus restrictions in other parts of the world. U.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, …

Retail sales slump in November amid lockdown
4 years ago

Retail sales slump in November amid lockdown

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 Retail sales in Britain slumped …

Updated menu, celeb collaborations, pump McDonald’s sales
4 years, 1 month ago

Updated menu, celeb collaborations, pump McDonald’s sales

Associated Press  

McDonald’s U.S. sales roared back in the third quarter with new menu items and attention-grabbing celebrity collaborations. With new choices like spicy chicken nuggets and a meal deal promotion with rapper Travis Scott, McDonald’s exceeded most projections for the third quarter. Mason Smoot, McDonald’s chief U.S. restaurant officer, said drive-thru represents around 70% of McDonald’s sales in its top markets, …

McDonald’s global sales suffer as COVID-19 lockdowns limit operations
4 years, 5 months ago

McDonald’s global sales suffer as COVID-19 lockdowns limit operations

Live Mint  

McDonald's Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery. Global same-store sales fell 23.9% in the second quarter, dragged down by big international markets including the United Kingdom, France and Latin America. The second quarter "represents …

US retail sales jump 7.5% in June, but economy still ails
4 years, 5 months ago

US retail sales jump 7.5% in June, but economy still ails

Associated Press  

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April …

McDonald’s franchise Westlife Development commences operation at 229 restaurants
4 years, 6 months ago

McDonald’s franchise Westlife Development commences operation at 229 restaurants

Live Mint  

NEW DELHI: Westlife Development Ltd, which operates McDonald’s restaurants in western and southern India, has resumed operations in 229 of its 319 outlets, serving consumers through various channels such as takeaways, dine-in and home deliveries as the fast food chain recovers from the covid-19 induced lockdown. The operator of quick service restaurants said a large part of its restaurant business …

US retail sales plunged a record 16% in April as virus hit
4 years, 7 months ago

US retail sales plunged a record 16% in April as virus hit

Associated Press  

BALTIMORE — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. “It’s like a hurricane came and leveled the entire economy, and now we’re trying to get it back up and running,” …

Sales are up at supermarkets. But that brings new problems for the grocery industry
4 years, 9 months ago

Sales are up at supermarkets. But that brings new problems for the grocery industry

LA Times  

There can be such a thing as too much business, supermarkets across the country are realizing as the surge in grocery demand sparked by the widening coronavirus crisis is forcing them to modify their policies. The major chains usually get shipments overnight, or perhaps twice a day, to restock essentials such as paper towels, toilet paper and water, but “manufacturers …

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