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 like Indonesia and Malaysia have been boycotting McDonald’s for months over its perceived support for Israel. In January The CEO of McDonald’s, Chris Kempczinski, has said the fast food chain was seeing a “meaningful” hit to business, as customers boycott the firm in the Middle East for its perceived support of Israel. Mr Kempczinski said in a LinkedIn blog post on Thursday: “Several markets in the Middle East and some outside the region are experiencing a meaningful business impact due to the war and associated misinformation that is affecting brands like McDonald’s. In every country where we operate, including in Muslim countries, McDonald’s is proudly represented by local owner operators who work tirelessly to serve and support their communities while employing thousands of their fellow citizens.” “Our hearts remain with the communities and families impacted by the war in the Middle East.

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History of this topic

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  

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

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 …

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 …

Is the world giving up on fast food? Or is it just becoming unaffordable? – Firstpost
5 months, 1 week ago

Is the world giving up on fast food? Or is it just becoming unaffordable? – Firstpost

Firstpost  

The fast food industry is grappling with declining sales and changing consumer habits, with giants like McDonald’s experiencing a drop in global and US sales. To counteract the decline, McDonald’s and other fast food chains have attempted to appeal to budget-conscious consumers with value meal promotions. A sign for the US fast food restaurant chain McDonald’s is seen outside one …

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, …

These healthier McDonald’s items are getting the chop
6 months ago

These healthier McDonald’s items are getting the chop

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 axing some …

Sneaky truth about the McDonald's '$5 meal' revealed
6 months, 2 weeks ago

Sneaky truth about the McDonald's '$5 meal' revealed

Daily Mail  

McDonald's president has come out fighting after criticism of the fast food chain's new $5 value meal. McDonald's also brought back app-only "Free Fries Friday" that allows customers to snag a free medium fry with any $1 minimum purchase through the end of 2024. They operate nine out of ten McDonald's and are worried that customers will trade down from …

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
7 months, 3 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 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 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 Israeli restaurants from franchisee after sales slump
9 months ago

McDonald’s buys Israeli restaurants from franchisee after sales slump

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 is buying its restaurants …

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts
9 months ago

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts

Associated Press  

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. “McDonald’s remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward,” Jo Sempels, McDonald’s president of international developmental licensed markets, said in a statement, Alonyal has …

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa
9 months ago

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa

Daily Mail  

Fast food chain McDonald's will buy back all of its Israeli restaurants following a boycott of the brand after it was criticised for giving away thousands of free meals to Israeli soldiers. McDonald's decision comes after widespread protests at its decision to give out free meals affected sales in the Middle East, Indonesia and France. Fast food chain McDonald's will …

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, …

In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
9 months, 2 weeks 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 …

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 …

Israel’s war on Gaza: Are boycotts hurting US brands?
11 months ago

Israel’s war on Gaza: Are boycotts hurting US brands?

Al Jazeera  

McDonald’s is the latest of several brands to report a sales dip in Asia and the Middle East. McDonald’s has missed sales targets partly due to boycotts against its products in some parts of the world over its perceived support for Israel, the company says. The fast food company is only one of several United States brands hit by boycotts …

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 chief says anti-Israel boycotts hitting sales
1 year 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 …

McDonald's Malaysia seeks damages from pro-Palestinian group over boycott calls
1 year ago

McDonald's Malaysia seeks damages from pro-Palestinian group over boycott calls

Hindustan Times  

McDonald's Malaysia has sued a pro-Palestinian group for $1.3 million over its calls to boycott companies allegedly supporting Israel. McDonald In a statement issued Friday, the fast-food chain said the civil suit against BDS Malaysia was aimed at protecting "our rights and interests in accordance with the law". In response to Israel's military campaign in Gaza, BDS Malaysia intensified calls …

Indonesians boycott McDonald’s, Starbucks over support for Israel
1 year, 1 month ago

Indonesians boycott McDonald’s, Starbucks over support for Israel

Al Jazeera  

Boycott follows McDonald’s Israel’s announcement that it donated free meals to the Israeli military. The boycott comes despite McDonald’s Indonesia, which is owned by PT Rekso Nasional Food, last week announcing that it had “deployed humanitarian assistance valued at IDR 1,5 billion ” to support Palestinians. Indonesian President Joko Widodo has pressed US President Joe Biden to do more to …

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 …

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive
1 year, 2 months ago

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive

Hindustan Times  

Fast-food chain McDonald's has been facing a boycott call after its Israeli franchise announced on Instagram that it was giving thousands of free meals to hospitals and troops of the Israel Defence Forces. Earlier this week, McDonald’s Israel’s social media account announced that it had shipped 4,000 meals so far to Israeli soldiers amid a war with Palestine-based Hamas militants. …

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 …

McDonald’s increases price of five menu items
1 year, 10 months ago

McDonald’s increases price of five menu items

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 is raising the price …

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 …

Off the menu: More food supply shortages hit McDonald’s
2 years, 6 months ago

Off the menu: More food supply shortages hit McDonald’s

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. One notice, pasted on the counter at McDonald’s on the King’s Road, Chelsea, south …

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, …

McDonald’s reassures customers after signs in store warned of post-Brexit ingredient shortages
4 years ago

McDonald’s reassures customers after signs in store warned of post-Brexit ingredient shortages

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

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, …

Burger King encourages people to eat at McDonalds and KFC ahead of second lockdown
4 years, 2 months ago

Burger King encourages people to eat at McDonalds and KFC ahead of second lockdown

The Independent  

Sign up to IndyEat's free newsletter for weekly recipes, foodie features and cookbook releases Get our food and drink newsletter for free Get our food and drink newsletter for free SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Burger King has issued a statement encouraging people across the …

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 …

McDonald’s sales have plunged because of coronavirus
4 years, 8 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. …

McDonald's faces halal vs jhatka row, #BoycottMcDonalds trends on Twitter
5 years, 4 months ago

McDonald's faces halal vs jhatka row, #BoycottMcDonalds trends on Twitter

India TV News  

McDonald's is in question for serving Halal meat in their restaurants. Recently, one of the Twitter users enquired if they serve halal meat and McDonald's confessed that they serve Halal meat. Their after McDonald's replied that "The meat that we use, across our restaurants, is of the highest quality and is sourced from government-approved suppliers who are HACCP certified." Islamic …

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