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☆ I grew up poor and couldn't afford things other kids could. A teacher went out of his way to make me feel included.
▼ + stars: | 2024-11-03 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

When she was 10, her class was having a McDonald's that she knew her mother couldn't afford. My mom had to work long hours to send us to schoolIn the late 70s, New Orleans teachers went on strike. The next day, I brought in my packed lunch, knowing it was McDonald's day. If anyone asked, I would just say I forgot it was McDonald's day. My teacher 'randomly' selected me to earn moneyIn my homeroom class, my teacher asked the class who would like to earn some extra money for McDonald's.

Persons: Dixie, —, She'd, Heifetz, They're, Mr Organizations: Service, Catholic, McDonald's Locations: New Orleans, , New Orleans

Taco Bell is reviving five menu items from past decades for a limited time. We tried the new Decades menu and the Meximelt was our clear favorite. When the first Taco Bell restaurant opened in Downey, California, in 1962, it offered just five menu items: frijoles, tostadas, burritos, tacos, and a chili burger. Now, Taco Bell is hoping to evoke a sense of nostalgia in customers with its new "Decades" menu that features five of its previously discontinued items. We tried four items on Taco Bell's new Decades menu (the Caramel Apple Empanada will be released on November 21) and ranked them from our least favorite to our favorite.

Persons: Taco, —, Bell, Taco Bell, Wendy's, SpongeBob, Patty, Burger, McDonald's Organizations: Taco Bell, Service, Paramount, Nickelodeon, Burger King, Fast Company Locations: Downey , California

☆ Nvidia to replace Intel in Dow Jones Industrial Average
▼ + stars: | 2024-11-02 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.

Persons: Dow, —, Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna

☆ Fast food chains are locked in a 'value war' for US customers
▼ + stars: | 2024-11-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Fast food chains say they're locked in a "value war" to win increasingly choosy US customers. As a flurry of summer deals come to an end, quick-serve chains say they're now locked in a "value war" to win increasingly choosy US customers. Between higher ingredient usage and other costs on the one hand, and a more competitive consumer economy, interim CEO Scott Boatwright said Chipotle was well-positioned to win the "value war" in fast-casual dining. "We absolutely believe that value in an environment of value-seeking consumers is not about only executing price-pointed promotions and value deals and value bundles — there's more to that." Plosch added that beyond the burger chain's creative promotions, the core menu remains essential to getting customers to come back.

Persons: —, Michael Zuccaro, Chipotle, Scott Boatwright, Brian Niccol, who's, we've, Alex Kaleida, Chris Kempczinski, Kempczinski, Ian Borden, Shack, Robert Lynch, Gunther Plosch Organizations: Service, Starbucks

☆ At this McDonald's in Italy, your Big Mac comes with a side of ancient ruins
▼ + stars: | 2024-11-02 | by ( Priyanka Rajput | ) www.businessinsider.com time to read: +2 min

In 2014, during construction on a McDonald's in Italy, workers found an ancient road. McDonald's Italia supported restoration work on the road before building the restaurant over it. Visitors to the restaurant in Frattocchie can see the road and skeletons among its stones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In 2014, workers building the restaurant on the outskirts of Rome stumbled upon an ancient Roman road.

Persons: —, Gary He, Mario Federico, Trevi, Federico, Here's Organizations: McDonald's, Service, Daily Telegraph Locations: Italy, Rome

☆ Why fast-food chains and big brands love loyalty programs
▼ + stars: | 2024-11-01 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Fast-food chains and retailers are using loyalty programs to drive sales amid inflation challenges. AdvertisementRetailers and fast-food chains are leaning into loyalty programs to drive sales. Starbucks' loyalty program is also growing. AdvertisementThe power lies in the perksHowever, a good loyalty program should be about more than just the points. Advertisement"In a marketplace where choices are endless, a strong loyalty program doesn't just retain customers, it also builds a relationship that feels personal and valuable," she said.

Persons: —, McDonald's, Chris Kempczinski, Kempczinski, It's, Laxman Narasimhan, Paschal, Lindsey Wasson, Burger, Kevin Shahnazari, Zsuzsa Kecsmar, Zarina Stanford, doesn't, Kecsmar Organizations: Service, Global, Starbucks, Costco, AP, KFC, Burger King, Nike Locations: Colorado

☆ A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol
▼ + stars: | 2024-11-01 | by ( Eunice Yoon | ) www.cnbc.com time to read: +4 min

In this article SBUX Follow your favorite stocks CREATE FREE ACCOUNTPeople seen around the Starbucks coffee store in Shenzhen, China. Costfoto | Nurphoto | Getty ImagesThe formerly Nasdaq-listed Luckin Coffee ran into accounting issues and went through a de-listing. Starbucks has an express version of its coffee stores in China called Starbucks Now, where most patrons order drinks on the app for pick up. Competition from everywhereOn top of the Chinese coffee rivals, Starbucks is competing with a host of other local chains on tea. With more and more Chinese wanting a daily java fix, grab-and-go coffee is becoming widely available at tea chains and convenient marts.

Persons: Jakub Porzycki, Brian Niccol, Niccol, CNBC's Andrew Ross Sorkin, Price, Zhang Peng, Auntea Jenny, Mixue, Jenny, Tim Hortons Organizations: Nurphoto, Starbucks, Nasdaq, Shanghai Starbucks, Lightrocket, Getty, KFC Locations: Shenzhen, China, Shanghai, Cotti, Beijing, Luckin, Costa Coffee

☆ The closing note of the 2024 campaign: How dare you?
▼ + stars: | 2024-11-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Hinchliffe's Puerto Rico joke spawned the initial news cycle (and within 24 hours, a new digital ad from Vice President Kamala Harris' campaign). Related storiesThe Harris campaign did not immediately respond to a request for comment. That leaves it to each campaign to try to generate their own moments, like when Trump did a photo-op at McDonald's. In both cases, they were upstaged by secondary moments that their opponents successfully latched onto, with Hinchcliffe drowning out Trump's rally and Biden spoiling Harris' rally. AdvertisementIt's why Trump donned a bright orange vest and climbed into a garbage truck, and it's why his supporters are responding to Cuban's comments with a social media campaign.

Persons: —, Sen, JD Vance, I'm, Vance, frontiersmen, Tony Hinchliffe's, Joe Biden, Donald Trump's, Kamala Harris, Trump, Harris, Mark Cuban, Cuban, Trump hadn't, Nikki Haley, he'd, Anna Kelly, Kelly, aren't, gaffes, Mitt Romney's, Hillary Clinton's Organizations: Service, Trump, White, Madison, Biden, Democratic, Republican Locations: Puerto Rico, Wausau , Wisconsin, Ohio, United States of America, Hinchliffe's Puerto Rico, Wisconsin, America, Madison

☆ McDonald's current stock price is 'as good as it gets': Morningstar
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's current stock price is 'as good as it gets': MorningstarSean Dunlop of Morningstar shares his outlook for McDonald's.

Persons: Morningstar Sean Dunlop Organizations: Morningstar

The Summary A proposed class action lawsuit was filed against McDonald’s Tuesday — at least the third suit the chain faces over an E. coli outbreak linked to its Quarter Pounders. A proposed class action lawsuit was filed Tuesday against McDonald’s, the latest litigation over the E. coli outbreak linked to the fast-food chain’s Quarter Pounders. The complaint, which needs court certification to proceed as a class action, seeks damages exceeding $5 million for customers across the country who purchased contaminated Quarter Pounders. The proposed class action lawsuit is at least the third suit related to the E. coli outbreak. Willey said he has received “a lot” of calls from people looking to join the class action suit and he expects the number represented to grow.

Persons: McDonald’s, ”, Roy Willey, Willey, “ McDonald's, Amanda McCray, William Michael Kraft, Cesar Piña, ” McDonald’s, ’, “ Organizations: McDonald’s, “, Northern District of Illinois, Centers for Disease Control, CDC, Food and Drug Administration Locations: Chicago, Davie , Florida, Northern District, America, Nebraska, Colorado

The number of E. coli cases linked to McDonald’s Quarter Pounders has risen to 90, the Centers for Disease Control and Prevention said Wednesday, up from 75 reported cases last Friday. The slivered onions used on the burgers are the “likely source” of the outbreak, the CDC said. The true number of cases linked to the Quarter Pounders is likely much higher than the 90 reported so far. Thirteen states have reported cases: Colorado, Iowa, Kansas, Michigan, Missouri, Nebraska, New Mexico, Montana, Oregon, Utah, Washington, Wisconsin and Wyoming. According to McDonald’s, 900 restaurants across 12 states received the onions from Taylor Farms.

Persons: McDonald’s, —, Taylor, it's, It’ll, Taco, Burger Organizations: Centers for Disease Control, Prevention, CDC, Colorado Agriculture Department, NBC News, Drug Administration, FDA, Taco Bell, Burger King, KFC Locations: Grand Junction , Colorado, Colorado , Iowa , Kansas , Michigan , Missouri , Nebraska, New Mexico , Montana , Oregon , Utah, Washington , Wisconsin, Wyoming, Colorado, Washington, Farms

"This is an area that we visit almost every weekend," said West, who was not with Lascarro at the time of the incident. As many as 10 to 15 suspects, both men and women, were involved in the assault, according to the police report. Police are investigating the case as a hate crime, classifying the offense as a simple assault with an anti-gay bias motivation, according to the police report. Lascarro, who is originally from Colombia, moved to Washington, D.C., last year and became a permanent resident of the U.S. this year. He said he is having a hard time recounting the incident to his family, with whom he struggled to come out as gay.

Persons: Sebastian Thomas Robles Lascarro, Lascarro, Stuart West, “, ” Lascarro, West Organizations: Washington , D.C, Metropolitan Police Department, Crush, NBC News, Howard University Hospital, Shake Shack, D.C Locations: Washington ,, Logan, Colombia, U.S, Dupont

☆ CDC says 90 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders
▼ + stars: | 2024-10-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +1 min

Ninety people in 13 states have been infected in a deadly E. coli outbreak linked to McDonald's Quarter Pounders, the Centers for Disease Control and Prevention said Wednesday, as it continues to investigate the source of the spread. Before Wednesday, the CDC last gave an update on the outbreak on Friday, when the agency said it had 75 cases in 13 states. Fresh slivered onions served on Quarter Pounders and other menu items at McDonald's are "the likely source of this outbreak," the CDC said on its website on Wednesday. The CDC believes the risk to the public is "very low" due to the efforts from McDonald's and Taylor Farms. Quarter Pounder hamburgers are a core menu item for McDonald's, raking in billions of dollars each year.

Organizations: Centers for Disease Control, Prevention, CDC, U.S Locations: Colorado, McDonald's, Colorado , Kansas, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico , Oklahoma, Utah

☆ Polymarket's pro-Trump election predictions aren't so surprising when you look at the rest of the site
▼ + stars: | 2024-10-30 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.

Persons: Trump, Andrew Tate, Hawk, —, Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast

Despite a difficult quarter, McDonald’s looks resilient in the face of various pressures, analysts say — something the company shares with U.S. consumers overall. “The spotlight is always on McDonald’s because it’s so big” and something of a “bellwether,” she said. That spurred former President Donald Trump to sling fries this month at a Philadelphia-area McDonald’s in a photo op. Like many major brands, McDonald’s raked in big profits as the economy reopened from the pandemic. “The thing that McDonald’s had struggled with, and why I think we’re seeing kind of an inflection point, is a value proposition,” Senatore said.

Persons: McDonald’s, Mickey D’s, Chris Kempczinski, Kempczinski, Gordon Haskett, ” Kempczinski, Ravi Dhar, ”, Sara Senatore, Kamala Harris, Donald Trump, Mickey D’s ’, Senatore, they’d, —, Eric Thayer, ” Senatore, Sam Oches, Oches, ‘, “, Jim Salera, Stephens, Jack Kleinhenz, hasn’t, “ They’re, ” Oches Organizations: U.S, Yale University’s Center, Bank of America, Bloomberg, Getty, Coca, Walmart, Target, Walgreens, JetBlue, Democratic, National Retail, JPMorgan Locations: U.S, Philadelphia, Connecticut, Amazon

Legal experts say an attempt to overturn the 2024 election results would be more difficult than in 2020. And a lost Chopin waltz is discovered after 200 years. Legal experts say those changes would make another attempt to overturn the result of the election much more difficult and unlikely. If Trump attempted to overturn the election result in Congress, he’d be up against the bipartisan Electoral Count Reform Act. This election season, voters said they are disillusioned by both major parties, especially over the handling of the war in Gaza.

Persons: Andrea Mitchell, Antony Blinken’s, Chopin, Donald Trump, Trump, he’d, Matthew Sanderson, Kamala Harris, JD Vance, hadn’t, Tony Hinchcliffe, ”, Hinchcliffe —, ➡️ Elon Musk, Harris, ➡️ Jeff Bezos, “, WaPo, ➡️, Democratic Sen, Bob Casey of Pennsylvania, Isaac Herzog, Antony Blinken, Nathan Howard, Benjamin Netanyahu, Yahya Sinwar’s, Blinken, Brittany Randall, Kamberlyn Bowler, ” Randall, Freddie Freeman, Jay Johnston, Bob’s, Helene, Milton, Matthew Perry’s, Suzaenne Perry, Mustafa Hussain, Vanessa Leroy, — Zara Katz, Brooks, Jolie, Elizabeth Robinson Organizations: NBC, Trump, Count, Washington , D.C, Trump’s New, PAC, The Washington Post, Democratic, ➡️ Authorities, Getty, U.S, United Nations, West Bank ., CDC, Los Angeles Dodgers, New York Yankees, JPMorgan, Cuban, NBC News, American, RNC, Ninja Locations: Washington ,, Georgia, Trump’s New York City, Puerto Rico, Michigan, Portland , Oregon, Vancouver , Washington, Iran, Tel Aviv, AFP, Israel, Washington, Gaza, Lebanon, Beirut, U.S, Junction , Colorado, “, Dearborn , Michigan, Dearborn, Detroit

Kamberlyn Bowler, 15, said she ate McDonald's Quarter Pounders in the days before she became ill.At least 75 people have been infected with E. coli in an outbreak that McDonald's has said is likely linked to slivered onions served on Quarter Pounders. The previously healthy, active 15-year-old is now hospitalized and battling kidney failure — a rare and potentially life-threatening complication of E. coli poisoning. Kamberlyn, of Grand Junction, Colorado, is one of dozens of people who say they became sick after having eaten McDonald’s Quarter Pounders. McDonald’s says the most likely source of the contamination was slivered onions served on its Quarter Pounders. On Oct. 18, she was airlifted to Children’s Hospital Colorado outside Denver, where she has remained ever since.

Persons: Kamberlyn Bowler, McDonald's, McDonald’s, Taylor, preemptively, ”, Brittany Randall, Randall, ” Kamberlyn, ” Randall, Kamberlyn, Kamberlyn didn’t, ‘ Something’s, ’ ” Randall, “ It’s, we’ve, Brittany Randall Kamberlyn, “ We’re, HUS, Nicole Iovine, “, Iovine, ” McDonald’s, Joe Erlinger, ” Ron Simon, ” Simon Organizations: Centers for Disease Control, Children’s Hospital, CDC, HUS, UF Health Shands Hospital, USA, “ Locations: Colorado, Junction , Colorado, California, Children’s Hospital Colorado, Denver, Florida, HUS, Kamberlyn

☆ Stocks making the biggest moves premarket: VF Corp, McDonald's, Pfizer, PayPal and more
▼ + stars: | 2024-10-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

For the fiscal second quarter, the company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue. Cadence Design Systems – The stock jumped more than 5% after the electronic design company's third-quarter earnings beat Wall Street estimates. JetBlue's third quarter results did beat analyst estimates on the top and bottom lines. PayPal – Shares fell 3% after PayPal posted third-quarter revenue that missed expectations. Crocs – Shares tumbled around 12% despite the company's third-quarter earnings beating estimates.

Persons: Ford, Trex, FactSet, Jim Conroy, John Hazen, Conroy, Crypto, Stocks, Horton, PayPal –, StreetAccount, Crocs, Lisa Kailai Han, Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Tanaya Macheel, Michelle Fox Theobald Organizations: Corporation, Ford Motors, Cadence, Systems, BP –, Pfizer, Revenue, Ross Stores, JetBlue –, JetBlue, LSEG, Mizuho, PayPal, FactSet, Xerox

☆ My daughter ate at McDonald's and got sick 10 days later. Now she's hospitalized with E. coli and acute kidney failure.
▼ + stars: | 2024-10-29 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +5 min

Brittany Randall believes her 15-year-old daughter contracted E. coli after eating at McDonald's. My 15-year-old daughter, Kamberlyn, ate the same meal at McDonald's, a Quarter Pounder with cheese and extra pickles, on September 25 and September 27. Ten days later, we were transferred to the nearest children's hospital for her to receive dialysis treatment for a life-threatening complication of E. coli. Kamberlyn told me she felt a bit better after receiving fluids from the hospital. The Food and Drug Administration has identified the onions on McDonald's Quarter Pounders as a possible source of this outbreak.

Persons: Brittany Randall, —, Kamberlyn Bowler, we'll, I'd, Kamberlyn, It's, she's, she'll, I'm, Bowler, Ron Simon, Joe Erlinger Organizations: Service, Business, McDonald's, Associates, Drug Administration Locations: Mesa County , Colorado

☆ Washington Post owner Jeff Bezos defends decision not to endorse
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWashington Post owner Jeff Bezos defends decision not to endorseEric Dezenhall, Dezenhall Resources chairman, joins 'Squawk Box' to discuss news of Washington Post owner Jeff Bezos blocking the newspaper's endorsement of Vice President Kamala Harris for president, McDonald's response to its E. coli outbreak, and more.

Persons: Jeff Bezos, Eric Dezenhall, Kamala Harris Organizations: Washington, Dezenhall, Washington Post

☆ McDonald's executives say E. coli outbreak is 'behind us'
▼ + stars: | 2024-10-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

A week after health authorities publicly linked a deadly E. coli outbreak to McDonald's Quarter Pounder burgers, the company's CEO, Chris Kempczinski, told investors that the situation is now behind them. On Sunday, McDonald's said Quarter Pounder burgers would return to the roughly 900 restaurants where the company had pulled the menu item following the outbreak. McDonald's has stopped sourcing onions from the supplier indefinitely and will return the Quarter Pounder to menus sans slivered onions. As of Friday, 75 health cases across 13 states have been tied to the outbreak, including one death of an older adult. At least three lawsuits have already been filed against McDonald's by victims of the outbreak.

Persons: Chris Kempczinski, we've, Kempczinski, McDonald's, Ian Borden, Borden Organizations: and Drug Administration

☆ McDonald's says store visits and sales dropped in wake of E. coli outbreak
▼ + stars: | 2024-10-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

McDonald's says daily sales took a hit as some customers avoided its restaurants during the E. coli outbreak. AdvertisementA number of McDonald's US customers stayed away from the arches last week as news of the E. coli outbreak spread. The company said Tuesday that daily sales took a hit as customers avoided its restaurants during the health scare. Related storiesOver the weekend, health officials linked the outbreak to slivered onions from a single supplier, an ingredient ordinarily used on McDonald's Quarter Pounder burgers. McDonald's began resuming sales of Quarter Pounders in the affected areas this week, although some locations will not serve the entrée with onions.

Persons: McDonald's, —, Ian Borden, Chris Kempczinski, Borden, Kempczinski, we've Organizations: Service Locations: Colorado

☆ Parenthood — and the choice to be childfree — is at stake this election. 3 Americans explain how it's impacting their vote.
▼ + stars: | 2024-10-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Ahead of Election Day, Business Insider spoke with voters about how family and reproductive healthcare access will influence their decision. Along the spectrum of support for abortion access, one common thread stood out: The cost of raising a family. In terms of abortion access, Trump has bragged about his role in overturning Roe v. Wade — a decision that led to 41 states with bans. In her first time voting for president, Sark said she plans to vote third party, likely for Green Party candidate Jill Stein. "I don't think that there's really anything that we can do about abortion in this election," Sark said.

Persons: Roe, Wade, —, Donald Trump, Kamala Harris, Kristan Hawkins, Harris, Trump Erica Choinka, Trump, Choinka, Trump's, Wade —, Harris Stephanie Gomez, Gomez, haven't, Avie Sark, Sark, Jill Stein Organizations: Business, Service, Trump, Republican, Life, Democratic, Green Party Locations: Missouri, Jefferson City , Missouri, Roe, Texas, Houston, Austin, Indiana, Sark

☆ 'Unfortunate' E. Coli disrupted McDonald's return to strength, says Evercore's David Palmer
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Unfortunate' E. Coli disrupted McDonald's return to strength, says Evercore's David PalmerDavid Palmer, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss to what degree E. Coli interrupted McDonald's strong quarter, how long the international weakness story will continue, and how the food safety issue will impact McDonald's going forward.

Persons: Evercore's David Palmer David Palmer

☆ McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts
▼ + stars: | 2024-10-29 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

McDonald's global sales fell for the second consecutive quarter, down 1.5%. AdvertisementGlobal sales at McDonald's have fallen for a second consecutive quarter as the fast-food chain struggled in international markets, especially France, the UK, China, and the Middle East. Sales were down 1.5% in its third quarter, following from a 1% slide in the previous quarter, ending June 30. Comparable sales in the US were virtually flat, up 0.3% from the same period in 2023, while sales in international markets dropped 2.1%. Sales in licensed international markets fell 3.5%.

Persons: —, Chris Kempczinski, Neil Saunders Organizations: Service, Consumers Locations: France, China, McDonald's

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