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— - 3 Ian Borden - 3 Borden - 3 McDonald's - 3 Erin McDowell - 2 it's - 2 margarita - 1 It's - 1
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☆ Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars
  + stars: | 2024-04-30 | by ( Erin Mcdowell | ) www.businessinsider.com   time to read: +11 min
As fast-food prices increase, customers are finding more value in chain restaurants. Chains like Chili's are rolling out deals and portion sizes that could best fast-food chains. Chili's new Big Smasher burger is the latest offensive move in the value wars. The Big Smasher burger, Chili's newest menu item, was served in the company's test kitchen before its official launch on April 29. And if the sheer size and taste of the Chili's burger are anything to go by, it has a shot at beating fast-food chains in the value wars.
Persons: —, margarita, It's, Applebee's, John Peyton, Cate Gillon, Ian Borden, Scott Rodrick, Chris Kempczinski, Borden, McDonald's, Erin McDowell, We've, we've, Brian Paquette, Paquette, Big, Chili's, Richard Levine, Corbis, Felix Organizations: Service, Dallas, Mac, Business, Dine, Restaurant, UBS Global Consumer, Retail Conference, CNN, CBS News, Getty, Bloomberg Locations: New York, New York City, California, , New York
☆ McDonald's says cash-strapped diners are choosing to eat at home more often
  + stars: | 2024-03-14 | by ( Grace Dean | ) www.businessinsider.com   time to read: +3 min
Because of this, McDonald's said it will focus on value bundles and app offers. AdvertisementMore low-income consumers are choosing to eat at home instead of dining out after years of fast-food price hikes, McDonald's CFO says. Ian Borden told analysts at the UBS Global Consumer and Retail Conference on Wednesday that lower-income consumers "are just choosing to eat at home more often." Like other fast-food chains, McDonald's increased menu prices significantly during the pandemic amid soaring wage and commodity inflation. McDonald's will focus on value bundles and app offersMcDonald's fries.
Persons: McDonald's, —, Ian Borden, it's, Borden, Erin McDowell Organizations: Service, UBS Global Consumer, Retail Conference, Bureau of Labor Statistics Locations: Germany
☆ Estee Lauder sinks on disappointment that CEO Fabrizio Freda didn't have better news about China
  + stars: | 2024-03-14 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
Estee Lauder shares declined Thursday after CEO Fabrizio Freda offered an underwhelming outlook on China at a retail conference earlier in the day. Freda, who has been CEO for 14 years, said China remains an important growth segment for Estee Lauder, and the trend of more consumption there is not changing. While management is confident that performance will improve going forward, we still see Estee Lauder as a "show me" story. In the second half of fiscal 2024, Estee Lauder said it's positioned for stronger profitability versus the first half. Pedestrians walk past the American multinational skincare, and beauty products brand, Estée Lauder (Estee Lauder) logo seen in Hong Kong.
Persons: Estee Lauder, Fabrizio Freda, Freda —, Freda, it's, Jim Cramer's, Jim Cramer, Jim, Estée Lauder, Budrul Organizations: UBS Global Consumer, Retail Conference, UBS, Management, CNBC, Lightrocket, Getty Locations: China, New York City, U.S, Asia, American, Hong Kong
☆ McDonald's says customers don't want premium burgers — they want bigger ones instead
  + stars: | 2024-03-14 | by ( Grace Dean | ) www.businessinsider.com   time to read: +1 min
McDonald's customers want bigger burgers instead of luxury ones, CFO Ian Borden said. McDonald's spent years trialing premium burgers. AdvertisementMcDonald's says its customers want bigger burgers, not premium ones. For years, McDonald's tried to target customers with offers of premium burgers, CFO Ian Borden told analysts at the UBS Global Consumer and Retail Conference on Wednesday. Instead, there's a "significant" opportunity for "a large, more satiating-type burger" across McDonald's large markets, Borden said.
Persons: Ian Borden, McDonald's, —, Borden Organizations: Service, UBS Global Consumer, Retail Conference, Business
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