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...McDonald’s reported full-year earnings of $11.56 a share, up from $8.33 in 2022, but just below analysts’ expectations of $11.62....
...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...
..., which accounts for 89 per cent of its restaurants, contributed to the workplace issues....
...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....
...McDonald’s warned of a slowdown among lower-income customers. It said foot traffic in the US suffered a “slight dip” during the quarter....
...McDonald's China more than doubled the number of restaurants to 5,500 during Carlyle’s investment and grew its delivery business....
...He received repeated orders to collect burgers from a branch of McDonald’s that had shut down months before. Customers had no idea that Uber had neglected to delete it from its database....
...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....
...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....
...Fertitta, whose net worth Forbes estimates at about $9bn, is the owner of US basketball team the Houston Rockets, the Golden Nugget casino business and restaurant chain Landry’s....
...“Back in the ’60s we had restaurants and things right here at our hand, food stores and everything. Now we’re living in a food desert.”...
...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....
...And a court fight to start: A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting...
...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...
...Mark Bitterman’s life changed over a portion of steak frites. It was a lunchtime special at a roadside restaurant near Fougères, France, served with a dusting of gros sel....
...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...
...His two-Michelin-starred restaurant Ikoyi in London is home to meticulous plates of food that push at the boundaries of spice-led gastronomy....
...That would make it the third-biggest transaction in the restaurant industry. That is a lot of dough. Roark is no stranger to the food trade....
...than for other types of fast-food restaurants....
...Restaurant margins were at 16 per cent, up from 12 per cent the previous year. Shares of Yum China are up more than 40 per cent from the 2022 low....
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