News Muncher - category kempczinski

1 month, 3 weeks ago

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

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Outbreak Sales Company Quarter Meal Coli Kempczinski

4 months, 3 weeks 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 …

Food Sales Cent Meal Grocery Stores Consumers Fast

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

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

4 months, 3 weeks 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, …

Sales Company Value Quarter Meal Last Year Customers

7 months, 1 week ago

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

Hindustan Times

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. McDonald's plans $5 US meal deal next month to counter customer frustration over high prices The deal would let customers get a four-piece McNugget, small fries, a small drink and either a McDouble burger or a McChicken …

Deal Mcdonald Customer Kempczinski 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

7 months, 3 weeks 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 …

Sales Israel Value Mcdonald Kempczinski Fast Food Traffic

8 months, 2 weeks 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, …

Franchise Israeli Kempczinski Alonyal

9 months ago

McDonald’s names its CEO as new board chairman, taps Kimberly-Clark exec as independent director

Associated Press

McDonald’s CEO will become chairman of the company’s board later this spring, the burger chain said Tuesday. Chris Kempczinksi, who was named McDonald’s president and CEO in late 2019, will succeed McDonald’s Chairman Enrique Hernandez Jr., who is retiring after 28 years on the Chicago company’s board. “Having served alongside Chris, who is now in his fifth year as CEO, …

Ceo Kempczinski Chairman

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

10 months, 2 weeks 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 …

Sales Israel Kempczinski

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

1 year ago

McDonald’s testing new CosMc’s chain following an unprecedented global expansion

Associated Press

McDonald’s is testing a new restaurant format with customizable drinks and treats designed to appeal to afternoon snackers — and grab sales from competitors like Starbucks and Dunkin’. The company also said it expects to open nearly 10,000 McDonald’s restaurants worldwide over the next four years — to reach a total of 50,000 restaurants — a pace of growth that …

Restaurants Restaurant Sales Company Open Starbucks Kempczinski

1 year ago

McDonald’s testing new CosMc’s chain amid unprecedented global expansion

LA Times

McDonald’s said it is aiming to have 50,000 restaurants in operation worldwide by the end of 2027. The company also expects to open nearly 10,000 McDonald’s restaurants worldwide over the next four years — to reach a total of 50,000 restaurants — a pace of growth that would be unprecedented even for the world’s largest burger chain. McDonald’s President and …

Restaurants Restaurant Sales Company Starbucks Kempczinski Cosmc

1 year, 1 month 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 …

Value Kempczinski

1 year, 4 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 Customers Kempczinski Grimace

1 year, 8 months ago

McDonald’s temporarily closes US offices ahead of layoffs

Associated Press

McDonald’s has closed its U.S. offices through Wednesday and told its corporate staff to work remotely as it prepares to announce a round of layoffs. McDonald’s warned employees in January that layoffs would be coming as it tried to get more nimble and break down walls between its global markets. In a January memo to employees, McDonald’s President and CEO …

Corporate Employees Company Kempczinski Layoffs Offices Ahead

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

1 year, 8 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 …

Company Kempczinski Layoff Chain Offices

1 year, 10 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 …

Europe Sales Company Borden Kempczinski

1 year, 10 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 …

Europe Sales Company Mcdonald Borden Kempczinski

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

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

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Articles for Kempczinski

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

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

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

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

Americans keep turning their backs on McDonald’s

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

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

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

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

McDonald’s names its CEO as new board chairman, taps Kimberly-Clark exec as independent director

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

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

McDonald’s chief says anti-Israel boycotts hitting sales

McDonald’s testing new CosMc’s chain following an unprecedented global expansion

McDonald’s testing new CosMc’s chain amid unprecedented global expansion

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

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

McDonald’s temporarily closes US offices ahead of layoffs

McDonald's closes US offices ahead of layoffs: WSJ

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

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

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

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

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