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...McDonald’s in February reported softer sales in the US in its most recent quarter as lower-income customers purchased cheaper menu items, and forecast same-store sales growth to return to a historical average...
...low-income families....
...The world’s largest fast-food chain served up a 14 per cent increase in third-quarter revenues. Operating profit income grew 16 per cent....
...Roark has lined up $5bn in debt financing to fund the deal. That works out to 6.25 times ebitda....
...McDonald’s reported softer sales in the US as customers with lower incomes purchased cheaper menu items, although Kempczinski expects pricing will come down roughly in line with inflation, which has fallen...
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...Others noticed it coincided with the launch of a new winter menu, which could have underwhelmed customers....
...Goldman Sachs estimates only 60mn Indians have an income above $10,000 a year, with the figure set to grow to 100mn by 2027....
...“Reducing poverty in the UK is affordable; what is lacking is the political will to fund the kinds of policies that we know will work.”...
...Farmers have not only called for more funds but also a relaxation in environmental regulations and a reconsideration of trade deals that they say are allowing cheap food imports to undercut prices for EU...
...is unfairly impacting the diets and livelihoods of people in lower income countries....
...On Thursday, TRG was itself on the menu. An offer from buyout fund Apollo values the group at £700mn including debts....
...To address the issue, governments will have to raise funds, while also redistributing income and wealth. Here are three critical tax-based measures that they can take....
...Ben Whitmore, whose funds include the £2.1bn Jupiter UK Special Situations Fund and the £1.6bn Jupiter Income Trust, is leaving at the end of July to set up his own firm....
...Consider European food delivery groups, which in Lex’s words “have paused their value-incinerating land grabs”. Business has begun to improve....
...Menu prices would also rise sharply “because no hotel or restaurant has a 12 per cent profit margin and can compensate for this VAT increase from their income”....
...The business was purchased in 2018 by Blackstone Core Equity Partners, a long-hold buyout fund whose investors included Canada Pension Plan, NY State Common Retirement Fund, North Carolina Retirement Systems...
...Though the US is the world’s richest country, more than 18mn citizens live in “food deserts” — or “low-income and low-access census tracts” as the US Department of Agriculture terms them....
...Taxi drivers give me tips on which fixed-income saving instruments will shield one from price rises....
...This is especially problematic as obesity is more prevalent in lower income households....
...This means they can cash in, utilising price rises to fund investments that increase production. Ghanaian and Ivorian farmers meanwhile are hamstrung, he says....
...More people with access to basic human needs: clean water, food and medicine....
...Currie said that the cost of living continued to be “front of mind” for the consumer but that Greggs’ affordable menu was winning new customers....
...Stockbrokers and analysts blame the exodus on a combination of cost of living pressures, higher mortgage rates and the poor performance of the UK equity markets relative to the US and to fixed-income products...
...But food always takes priority. Other highlights of the menu include guinea fowl slow-cooked with morels and injected with vin jaune and white blood sausage....
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