WEATHER ALERT
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 cashMcDonaldās 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 expansionMcDonaldās is testing a new restaurant format with customizable drinks and treats designed to appeal to afternoon snackers ā and grab sales from competitors like Starbucks and Dunkinā.
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 expectationsMcDonaldās said Monday itās 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 RussiaMcDonaldās, Starbucks, Coca-Cola, PepsiCo and General Electric all announced Tuesday they were suspending their business in Russia in response to the countryās 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.

ACLU, Michigan workers sue McDonald's over sexual harassment
Read full article: ACLU, Michigan workers sue McDonald's over sexual harassmentSexual harassment at the Mason location is "emblematic" of a broader problem at McDonald's, the suit states. A former employee of a McDonald's in Detroit also filed a sexual harassment charge with the US Equal Employment Opportunity Commission on Tuesday, saying that she was transferred and her hours reduced after she reported sexual harassment by a manager. Easterbrook was not accused of sexual harassment. But the company had already been under fire over accusations of sexual harassment. The Fight for $15, which advocates for workers' rights, announced in May that 25 new sexual harassment EEOC charges and lawsuits had been filed against McDonald's.

McDonald's CEO out for violating company policy
Read full article: McDonald's CEO out for violating company policy(CNN) - Steve Easterbrook is out as McDonald's CEO and president after the board determined that he violated company policy, the company said on Sunday. Easterbrook, who became CEO in 2015, "demonstrated poor judgment involving a recent consensual relationship with an employee," McDonald's said in a statement. He is replaced in both roles by Chris Kempczinski, who was most recently president of McDonald's USA, effective immediately. This is a developing story. The-CNN-Wire & 2019 Cable News Network, Inc., a Time Warner Company.