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☆ McDonald's is going after one of Starbucks' crown jewels and testing cold brew
▼ + stars: | 2023-04-19 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

McDonald's is testing new cold brew options in select Southern California restaurants. The fast-food chain is testing two cold brew options at some Southern California locations, Restaurant Business reported. McDonald's is piloting traditional cold brew, served black over ice, as well as a marble cold brew, which contains syrup and cream. More recently, the chain has added four new McCafé menu options in Australia, including a banana and blueberry loaf, according to the Daily Mail. McDonald's reported 12% global comparable-store sales growth in the fourth quarter, compared with 5% growth for Starbucks.

☆ McDonald’s is upgrading its burgers
▼ + stars: | 2023-04-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s, which has been focusing on upgrading its core items to boost sales, is rolling out a series of changes designed to improve its signature burgers. The Big Mac will come with more Big Mac sauce. “In an environment where our customers are looking for the simple and familiar, our core menu items have never been more relevant,” he said. McDonald's USAFocusing on promoting its core menu items, rather than introducing new products, is a way to keep processes simpler and reduce friction in the kitchen. “Throughout 2022, some of our most successful campaign platforms brought our customers closer to the core menu items,” Kempczinski said during the January call.

☆ McDonald's is making 4 key changes to its burgers — here's what to expect
▼ + stars: | 2023-04-17 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

McDonald's is making four tweaks to its signature Big Mac sandwich and cheeseburgers. Additions include caramelized onions, softer buns, melted cheese, and more Big Mac sauce. McDonald's last month also decided to rebrand its crispy chicken sandwich to the McCrispy. Big Macs will also come with more Big Mac sauce, the company said in a press release. The decision to tinker with its burgers follows McDonald's rebranding its crispy chicken sandwich to the McCrispy last month.

☆ McDonald's is laying off hundreds of corporate employees and letting some stay with lower benefits, reports say
▼ + stars: | 2023-04-07 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

McDonald's employees have expected job cuts since January, Insider reported. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Erlinger's note. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. The restaurant chain is "in the strongest position it has been in years," Erlinger wrote in his memo this week.

☆ McDonald's to close 10 US field offices and lay off hundreds of corporate employees, report says
▼ + stars: | 2023-04-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

McDonald's is laying off hundreds of corporate staff, Restaurant Business reported Thursday. The company is letting go of "less than 1,000" employees, Restaurant Business reported on Thursday. McDonald's is also shuttering 10 field offices, according to Restaurant Business. It says the restaurant chain has field offices in cities such as Dallas, Nashville, and Long Beach, California. Myra Doria will be McDonald's national field president, according to the report.

☆ Report: McDonald's tells corporate employees to work from home for layoffs
▼ + stars: | 2023-04-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to a report from the Wall Street Journal. McDonald’s has 150,000 employees in its company-owned locations and offices globally, with 70% of those positions outside of the United States, according to the Journal. McDonald's CEO said in January that job cuts were coming. Zbigniew Bzdak/Chicago Tribune/Tribune News Service/Getty ImagesIn January, McDonald’s CEO Chris Kempczinski said in a memo to staff that job cuts are coming. Meta (META), owner of Facebook, Instagram and WhatsApp, said in March that it would make a second round of job cuts.

Signage is displayed outside the new McDonald's Corp. headquarters in Chicago, Illinois, U.S., on Monday, June 4, 2018. McDonald's is closing its U.S. corporate offices Monday through Wednesday as the company lays off workers, according to an internal email viewed by CNBC. CEO Chris Kempczinski announced in January that the company would be cutting jobs as part of a broader corporate restructuring. At the time, McDonald's said the layoffs weren't a cost-cutting measure, but instead are meant to help the company innovate faster and work more efficiently. At the end of 2022, McDonald's employed more than 150,000 people in its corporate offices and company-owned restaurations.

☆ Read the full memo: McDonald's outlines plans for layoffs and shift in strategy
▼ + stars: | 2023-04-03 | by ( Gloria Dawson | Nancy Luna | ) www.businessinsider.com time to read: +5 min

McDonald's offices will be temporarily closed as the company prepares for layoffs, according to an internal memo. This week, employees will learn more about the fate of their employment. Read the full memo:Headlines for the Week of April 3AlI U.S.-based McDonald's offices, including MHO, will be closed April 3-5 and employees should work remotely. AlI U.S.-based employees who work from an office location may work remotely for the duration of the week of April 3. AlI U.S.-based McDonald's offices, including MHQ, are closed April 3-5 and employees should work remotely.

☆ Dunkin' rolls out breakfast tacos as competition heats up for fast food morning grub
▼ + stars: | 2023-03-22 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Dunkin' added breakfast tacos to its menu on March 22. The move comes as McDonald's expanded its test of serving Krispy Kreme doughnuts in Kentucky. Today, Dunkin' launched breakfast tacos for under $3 each. At a December investor day conference, Taco Bell CEO Mark King announced plans to compete with McDonald's at breakfast and lunch. Wendy's, which introduced a new breakfast menu three years ago, told Nation's Restaurant News this month that breakfast sales have surpassed sales targets of $3,000 per week per restaurant.

☆ Playing defense as market tumbles — 10 stocks that outperform in recessions
▼ + stars: | 2023-03-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

As the market tumbles and recession risks rise, it's time to start playing defense and buying stocks that are poised to outperform in the later innings of the U.S. market cycle, according to Wolfe Research. Bond yields have fallen, oil prices have steeply dropped and stock market volatility has surged. With that in mind, here are 10 of the stocks that Wolfe Research believes outperform the rest of the market during a recession. It has an estimated 2023 P/E of 24.7x and an EV/2023 estimated EBITDA of 16.4x. The drugmaker has an estimated 2023 P/E of 37.2x and an EV/2023 estimated EBITDA of 28.7x.

☆ McDonald's is opening 1,900 restaurants in 2023. Here's what it costs to open a McDonald's restaurant
▼ + stars: | 2023-02-07 | by ( Hayley Peterson | Nancy Luna | ) www.businessinsider.com time to read: +5 min

McDonald's franchise fee is $45,000. But McDonald's restaurants posted average domestic sales of $4 million in 2021, according to the chain's franchise disclosure report for 2022. Initial investment costs for running a McDonald's range from $1.4 million and $2.5 million — including the franchise fee. The rent for most new McDonald's restaurants ranges from 10% of total gross sales to $15.75% for new restaurants that have opened since January 1, 2020. But by mid-December 2022, McDonald's had grown to 13,666 US restaurants, according to preliminary store count data obtained from market research firm Datassential.

☆ Here’s how much money you’d have if you invested $1,000 into McDonald's 10 years ago
▼ + stars: | 2023-02-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the fiscal fourth quarter, McDonald's reported earnings per share of $2.59 on $5.93 billion in revenue. Here's how much money you'd have as of Feb. 1, 2023 if you had invested $1,000 into the company one, five and 10 years ago. If you had invested $1,000 into McDonald's a year ago, you'd have about $1,066 as of Feb. 1, according to CNBC's calculations. If you had invested $1,000 into McDonald's five years ago, you'd see a slightly higher return on your investment and have about $1,695 as of Feb. 1, according to CNBC's calculations. And if you had given your $1,000 investment into McDonald's a decade to grow, it would be worth about $3,270 as of Feb. 1, according to CNBC's calculations.

☆ Here are JPMorgan's top stock picks heading into February
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

JPMorgan added fresh names to its top stock picks for February, including a medical tech company that's rallied sharply to begin the year. For February, JPMorgan added five new names to its Focus List: Cenovus Energy , CMS Energy , Rogers Communications , Stryker and Treace Medical Concepts . The medical tech stock is up 12% year to date. JPMorgan said new additions CMS Energy and Cenovus Energy are uniquely positioned within the industry, according to the note. Amazon's stock fell more than 30% during the past 12 months, but it has rallied to start the year, up more than 24% in 2023.

☆ McDonald's tops profit estimates, warns short-term inflation to persist
▼ + stars: | 2023-01-31 | by ( Hilary Russ | ) www.reuters.com time to read: +3 min

[1/3] McDonald's Crispy Chicken Sandwiches and fries are pictured in New York, U.S. March 30, 2021. REUTERS/Hilary RussJan 31 (Reuters) - McDonald's Corp (MCD.N) on Tuesday beat Wall Street estimates for quarterly profit on higher menu prices, even as it warned short-term inflationary pressures would persist in 2023. McDonald's benefited from higher menu prices, increased restaurant traffic and sales in the UK, Germany and France rose despite fears of a recession in Europe. Visits to some other fast-food chains started to fall last summer as they hiked menu prices, he said. McDonald's U.S. comparable sales rose 10.3% in the quarter ended Dec. 31.

☆ McDonald's sales surge, warns short-term inflation to persist
▼ + stars: | 2023-01-31 | by ( Hilary Russ | ) www.reuters.com time to read: +3 min

[1/2] A huge advertisement for a branch of fast-food giant McDonald's is seen on the outskirts of Berlin, Germany, April 22, 2016. The burger chain's global same-store sales increased 12.6% in the fourth quarter ended Dec. 31, compared with estimates for an 8.6% rise, according to IBES data from Refinitiv. That is compared to a 0.6% decline for fast food overall in the fourth quarter over the previous year. Visits to some other fast-food chains started to fall last summer as they hiked menu prices, he said. McDonald's U.S. comparable sales rose 10.3% in the quarter.

☆ McDonald’s finds inflationary happy place
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 31 (Reuters Breakingviews) - McDonald’s (MCD.N) is having a good time at the bottom of the price food chain. The Chicago-based burger purveyor on Tuesday said that same-store sales rose 12% year-over-year in the last three months of 2022. That has helped restaurants grow, but McDonald’s is particularly benefitting. That’s despite McDonald’s touting the benefit of “strategic menu price increases” this quarter; the company previously said its U.S. prices should be up over 10% for the full year. How long this can continue probably depends on other options staying pricier – but for now, the nugget-maker has found its happy place.

☆ McDonald's hiked prices and started offering adult Happy Meals — and sales are soaring
▼ + stars: | 2023-01-31 | by ( Dominick Reuter | Nancy Luna | ) www.businessinsider.com time to read: +3 min

McDonald's reported double-digit sales growth for 2022, driven by a 5% increase in customer count. The brand attributed the bump to a combination of higher menu prices and unique promotions, like adult Happy Meals. The Chicago-based fast food giant reported a 10.9% increase in same-store sales for 2022, powered by a blockbuster fourth-quarter increase of 12.6%. Like many companies last year, McDonald's raised prices and widened profit margins, but that didn't deter customers. On the call, Kempczinski told investors the chain is seeing some signs of a pullback in consumer spending.

☆ Stocks making the biggest moves premarket: McDonald's, UPS, General Motors and more
▼ + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The company reported an adjusted $2.12 per share on $43.11 billion in revenue. United Parcel Service – Shares of UPS rose 1.9% after the company reported earnings that beat analyst expectations. The company reported earnings of $3.86 per share, well below a Refinitiv consensus estimate of $4.06 per share. The company reported $3.63 in adjusted earnings per share on $5.17 billion of revenue. Wall Street analysts were expected $2.93 in earnings per share on $4.58 billion of revenue, according to StreetAccount.

☆ McDonald's profit grows as inflation-weary customers flock to its restaurants
▼ + stars: | 2023-01-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's on Tuesday reported that U.S. customers are visiting its restaurants more, helping the fast-food giant top Wall Street's estimates for its fourth-quarter earnings and revenue. Globally, same-store sales climbed 12.6% in the quarter, fueled by strong demand in the U.S. and its largest European markets. In McDonald's home market, higher menu prices and increased demand drove same-store sales growth of 10.3%, topping StreetAccount estimates of 8.1%. Its international developmental licensed markets division saw same-store sales climb 16.5%, driven by Japan and Brazil. Looking to 2023, McDonald's is forecasting that it will open 1,900 new restaurants.

☆ Here are the companies that have laid off employees this year
▼ + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.

☆ McDonald's CEO warns of possible 2023 layoffs as chain leans into fast service, innovation, and operational efficiencies
▼ + stars: | 2023-01-06 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Despite a strong year, McDonald's CEO said the chain may have layoffs this spring. His 2023 business plan calls for the fast-food giant to move faster and push innovation. "As part of this work, we will evaluate roles and staffing levels in parts of the organization," the CEO said. The executive said he plans to build on the company's Accelerating the Arches growth strategy, first introduced in late 2020. This will help us move faster as an organization, while reducing our global costs and freeing up resources to invest in our growth," Kempczinski said.

☆ McDonald’s CEO says layoffs are coming
▼ + stars: | 2023-01-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s is planning to cut some of its corporate staff, CEO Chris Kempczinski said in a memo to employees Friday. In an interview with the Wall Street Journal Friday, Kempczinski said that means company will announce layoffs. McDonald’s had around 200,000 corporate staff and workers at company-owned restaurants at the end of 2021, according to its latest annual report. More than two million people work at McDonald’s franchised locations around the world. Some of America’s largest companies have announced layoffs in recent weeks, including Amazon (AMZN), Salesforce (CRM) and Goldman Sachs (GS).

☆ McDonald's plans reorganization, job cuts as it accelerates restaurant openings
▼ + stars: | 2023-01-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

McDonald's is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris Kempczinski told employees Friday. As part of the reorganization, the company will be deprioritizing and halting certain initiatives, according to a company-wide memo from Kempczinski viewed by CNBC. "Today, we're divided into silos with a center, segments, and markets," Kempczinski wrote. Currently, McDonald's organization is divided into three segments: the U.S., international operated markets and international developmental licensed markets. Additionally, McDonald's said Friday it will speed up its development plans for new restaurants.

☆ McDonald's to boost restaurant growth, streamline some programs
▼ + stars: | 2023-01-06 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

McDonald's beat sales and profit estimates in its last quarterly earnings results in October, helped by higher menu prices and increased foot traffic from inflation-weary customers looking for value meals. Its global same-store sales increased 9.5% in the third quarter. read moreLike other fast-food chains, McDonald's has hiked menu prices to keep up with surging commodity and labor costs. McDonald's strong sales and profits also mean that it - like several other restaurant chains including Starbucks Corp (SBUX.O) and Chipotle Mexican Grill Inc (CMG.N) - can embark on big expansion plans. It now also plans to streamline technology - including its loyalty programs - and menu development in order to get new products into use globally more quickly.

☆ A top McDonald's security exec said the CEO repeatedly undermined him — and even barred him from riding with him on the corporate jet — in a new racial-discrimination lawsuit
▼ + stars: | 2022-12-20 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Michael Peaster, a Black McDonald's security executive, is suing the chain and its CEO. Yet according to a racial-discrimination lawsuit that Peaster filed this month, the CEO ignored the 35-year McDonald's veteran for the better part of a year. "It was retaliatory against Michael Peaster based on his respectful but legitimate contradiction of Kempczinski on the subject of race." A representative for Peaster told Insider via email: "Michael Peaster had the same job since 2010. In January 2020, two Black McDonald's executives, Vicki Guster-Hines and Domineca Neal, filed a discrimination lawsuit against McDonald's.

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