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...The potato processor that supplies McDonald's with french fries slashed its financial guidance, as it grappled with softer restaurant demand for its products and a bigger than expected disruption to its...
...McDonald’s said the war in Gaza has hurt business in the Middle East as it reported weaker than expected sales at its existing restaurants....
...The company blamed the slowdown primarily on the drop in demand at its restaurants in the Middle East as well as those in predominantly Muslim countries such as Indonesia and Malaysia....
...Here, same-store sales edged up only 0.7 per cent in the period, sharply missing analyst expectations for an increase of 5 per cent, which McDonald’s primarily blamed on a drop in demand at its restaurants...
...restaurants, and we will spend more time in restaurants that appear to be underperforming.”...
...McDonald’s beat earnings estimates in its third quarter as customers continued dining at the restaurant chain despite higher prices....
...McDonald’s gained share with middle- and high-income consumers who are looking for cheaper options amid higher prices at other restaurants, he added....
...The two businesses will have combined revenue of £490mn, and have 189 restaurants in the US and the UK and a total of nearly 600 restaurants across 44 countries including franchises....
...Burger King owner Restaurant Brands International and KFC owner Yum Brands are trading at about 20 and 22 times, respectively....
...McDonald's China more than doubled the number of restaurants to 5,500 during Carlyle’s investment and grew its delivery business....
...So he learnt to get around the algorithm by cancelling trips to that McDonald’s, just like all the other drivers....
...Beginning next year, owners who open new restaurants or buy locations previously run by McDonald’s will have to hand over 5 per cent of those sales to the parent company....
...McDonald’s has been growing for decades, by finding ways to improve the restaurants and the food. In 25 years, the stock has risen ninefold....
...Higher prices and strong demand for fast food helped McDonald's to double its earnings in the second quarter, as figures from the restaurant chain beat analysts’ forecasts....
...One nine-second clip, for example, features an empty McDonald’s restaurant, supposedly after all the employees had quit en masse....
...Nearly 90 per cent of McDonald’s 1,450 UK restaurants are run by franchisees and around 75 per cent of its 170,000-strong workforce are aged between 18 and 25 years old....
...McDonald’s has apologised to UK staff over fresh allegations of sexual assault, harassment and a toxic work culture in its restaurants, months after the fast-food chain signed a legally binding agreement...
...McDonald’s chief executive Chris Kempczinski said on Monday that he expected same-store sales growth to return to a historical average of 3 per cent and 4 per cent in 2024, down from an increase of 9 per...
...So it comes as a surprise that his new book Ikoyi (Phaidon), based on the restaurant’s tasting menus, includes a dish inspired by McDonald’s sausage and egg McMuffin....
...This would involve bundling up the royalties paid by restaurant franchises and using them as collateral to borrow....
...Fast-food chains such as McDonald’s and Domino’s grew 25 per cent a year between 2010 and 2020 as they built thousands of outlets around India, according analysts....
...This year, strong demand in China has boosted McDonald’s group earnings and same-store sales growth....
...In 2017, Restaurant Brands bought Popeye’s Louisiana Kitchen for $1.8bn in cash to get into the chicken sandwich game. And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
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...Fast-food restaurant operators such as McDonald’s say they are seeing a dip in visits from lower-income consumers....
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