McDonald's boosts third quarter sales by emphasizing value but warns customers remain pressured
Read full article: McDonald's boosts third quarter sales by emphasizing value but warns customers remain pressuredMcDonald’s sales got a lift from Snack Wraps and other value-oriented products and in the third quarter.
Coming price cuts at McDonald's may signal a broader fast food price war
Read full article: Coming price cuts at McDonald's may signal a broader fast food price warMcDonald’s is cutting prices on some combo meals to woo back customers who’ve been turned off by the rising costs of grabbing a fast food meal.
McDonald's says its focus on value -- and a must-have Minecraft meal -- boosted second-quarter sales
Read full article: McDonald's says its focus on value -- and a must-have Minecraft meal -- boosted second-quarter salesA focus on value, along with hot products like a “Minecraft”-themed meal, helped McDonald’s turn around its sagging sales in the second quarter.
McDonald's is closing its CosMc's restaurants but plans to test drinks the chain 'inspired'
Read full article: McDonald's is closing its CosMc's restaurants but plans to test drinks the chain 'inspired'McDonald’s says it's closing down CosMc’s, a new restaurant format it began piloting in the U.S. last year.
McDonald's same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
Read full article: McDonald's same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cashMcDonald’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.
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Read full article: Despite numbers showing a healthy economy overall, lower-income spenders are showing the strainCracks are showing in one of the main pillars keeping the economy out of a recession: resilient spending by U.S. households.
McDonald’s testing new CosMc’s chain amid unprecedented global expansion
Read full article: McDonald’s testing new CosMc’s chain amid unprecedented global expansionMcDonald’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’.
McDonald's testing new CosMc's chain amid unprecedented global expansion
Read full article: McDonald's testing new CosMc's chain amid unprecedented global expansionMcDonald’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’.
McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
Read full article: McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectationsMcDonald’s said Monday 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, Starbucks, Coke, Pepsi join exodus out of Russia
Read full article: McDonald's, Starbucks, Coke, Pepsi join exodus out of RussiaMcDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric all announced Tuesday they were suspending their business in Russia in response to the country’s invasion of Ukraine.
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McDonald's US sales strong in Q4, but COVID drags elsewhere
Read full article: McDonald's US sales strong in Q4, but COVID drags elsewhereU.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 said U.S. same-store sales __ or sales at stores open at least a year __ were up less than 1%, their sixth consecutive year of growth. But worldwide, same-store sales were down 1.3% for the quarter, reflecting store closures and limited operating hours in various markets across Europe, Latin America and Asia. For the full year, global same-store sales were down 7.7%, a bigger decline than the 7% drop Wall Street had forecast, according to analysts polled by FactSet. Earlier this week, Starbucks said its global same-store sales fell 5% in the October-December period.
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