DIRS.INFO The most relevant business & tech news

☆ Exclusive: Kazakh McDonald's shut outlets temporarily after halting supplies from Russia - sources
▼ + stars: | 2022-11-30 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +3 min

In a statement, the U.S.-based company said that its "licensee in Kazakhstan has temporarily closed all of its restaurants due to local supply issues. Food Solutions, the Kazakh licensee company, announced the closure on Nov. 17 and cited "local supply issues." After Russia invaded Ukraine in what Moscow calls a "special military operation", McDonald's exited Russia, selling all the restaurants it owned to a local licensee in May. It was unclear where the decision to ditch Russian suppliers originated. Marr Russia, one of the Kazakh company's Russian suppliers, said it never worked directly with McDonald's, dealing with its Kazakh logistics partner HAVI instead.

☆ Chick-fil-A is selling merchandise for the first time ever
▼ + stars: | 2022-11-30 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —If your holiday wish list includes a Chick-fil-A sauce-themed blanket or a chicken nugget pillow, look no further. The chicken chain has launched its first-ever online store, and it’s filled with quirky merchandise that pays homage to cult-favorite items. Chick-fil-A said it expects the products, which range from $15 to $75, to “sell out quickly” — and the chain is already planning for more merchandise next year. Chick-fil-A is selling merchandise for the first-time ever. “Our studies show that one-third of consumers in the 18-44 age range are likely to buy products from collaborations,” Jensen told CNN Business earlier this year.

☆ Exclusive: Kazakh McDonald's shut outlets temporarily after halting supplies from Russia-sources
▼ + stars: | 2022-11-29 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +3 min

Joe LaPaille, a spokesperson for McDonald's Corporation based in the United States, said in an email: "Our McDonald's licensee in Kazakhstan has temporarily closed all of its restaurants due to local supply issues. Food Solutions, the Kazakh licensee company, announced the closure on Nov. 17 and cited "local supply issues." It was unclear where the decision to ditch Russian suppliers originated. Marr Russia, one of the Kazakh company's Russian suppliers, said it never worked directly with McDonald's, dealing with its Kazakh logistics partner HAVI instead. Miratorg said it was a supplier for Vkusno & Tochka, the Russian successor to McDonald's, and did not directly address the question of Kazakh sales.

☆ McDonald’s is giving people the chance to win free food for life
▼ + stars: | 2022-11-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —For the holidays, McDonald’s is giving away free meals for life. Beginning December 5, every order completed in the McDonald’s app for at least $1 will enter customers into a contest to win a McGold Card. Three winners will get a special card that earns them free McDonald’s for life. The McGold Card has been around for years, with some heavy hitters reportedly holding them, including Warren Buffett, Bill Gates and actor Rob Lowe. “Our fans have been fascinated by the lore of the McGold Card and if it really exists.

☆ Russian McDonald's successor solves franchise problem as more outlets join
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

Vkusno & tochka ("Tasty and that's it") restaurants started opening in June. "As of Dec. 1, Razvitie Rost enterprises will continue their work in Russia under the Vkusno & tochka brand," Rosinter said in a statement. Rosinter's restaurants, at train stations and airports in Moscow and St Petersburg, continued operating without McDonald's signs, which were covered up. Reuters found some McDonald's packaging still in use after the closure. Reporting by Olga Popova, Caleb Davis and Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

☆ Inflation forces mom and pop restaurants and chains like McDonald's to lean on their strengths
▼ + stars: | 2022-11-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant chains to oil tankers and independents to speedboats. Kate Bruce, owner of The Buttery Bar in Brooklyn, said she's been facing higher costs for everything from labor to cooking oil to energy. Portillo's restaurant chain CEO Michael Osanloo said independents do have greater flexibility when it comes to changing prices. Consumers care more about prices when they're visiting a chain restaurant, according to findings from a survey of roughly 2,400 U.S. consumers conducted by PYMNTS.

☆ Here are Thursday's biggest analyst calls: Apple, Robinhood, Netflix, Target, TJX, McDonald's & more
▼ + stars: | 2022-11-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Credit Suisse reiterates Apple as outperform Credit Suisse said its survey checks show iPhone Pro and Pro Max delivery delays. Deutsche Bank downgrades Target to hold from buy Deutsche downgraded Target after its earnings report on Wednesday and said it has "lower confidence." Piper Sandler upgrades Target to overweight from neutral Piper said Target is still "compelling" despite its latest quarterly report. " Bank of America reiterates Nvidia as buy Bank of America called Nvidia's third-quarter earnings results on Wednesday an "inflection" quarter. Bank of America reiterates Cisco as buy Bank of America said it's standing by Cisco after its earnings report on Wednesday.

☆ Restaurant sales are going up. But dining out is on the decline
▼ + stars: | 2022-11-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

Restaurant traffic is dipping as consumers make food at home. In that month, traffic at fast food restaurants fell 1.2%, dipped 1.7% for fast casual and dropped 4.7% in full service eateries. Fast food traffic bounced back slightly in September and October, but fast casual and full service traffic remained negative. Restaurant prices increased by 8.6%. But groceries are generally cheaper than restaurant meals.

☆ Major ad firm Omnicom recommends clients pause Twitter ad spend - The Verge
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - Advertising and marketing conglomerate Omnicom Group Inc (OMC.N) has recommended that clients pause their spending on Twitter in the short term, The Verge reported on Friday, citing an internal memo. Omnicom serves over 5,000 clients in 70 countries, including McDonald's Corp (MCD.N), Apple (AAPL.O) and Johnson & Johnson (JNJ.N). "The risk to our clients' brand safety has risen sharply to a level most would find unacceptable," the report added, citing the Omnicom memo. Last month, U.S. automaker General Motors Co (GM.N) said it had temporarily halted paid advertising on Twitter. read moreReporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Wendy's is adding its first-ever holiday Frosty
▼ + stars: | 2022-11-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Wendy’s is adding a holiday-themed Frosty to its menu for the first time ever. Beginning next Tuesday, Wendy’s will sell a peppermint Frosty for a limited time. Peppermint replaces the strawberry flavor that launched this past summer, which sold so well that the company accelerated its plans for another new Frosty flavor. Wendy's peppermint Frosty goes on sale next week. The vanilla Frosty was added to menus in 2006 and strawberry was briefly sold this past year.

☆ McDonald's India franchisee Westlife beats Q2 profit view on strong demand
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 9 - Westlife Foodworld Ltd (WEST.NS), which owns the franchise for McDonald's Corp (MCD.N) in west and south India, reported a bigger-than-expected second-quarter profit on Wednesday, helped by rising demand. Analysts on average had expected a profit of 246.6 million rupees, according to Refinitiv IBES data. Sales surged 33% to 5.7 billion rupees, its highest ever quarterly sales, and the company achieved more than 67.5 million rupees in average annualized sales per store. Westlife, which is on track to open 35-40 stores in 2023, saw a 52% rise in royalties to 261.9 million rupees. Rival Jubilant FoodWorks Ltd (JUBI.NS), which runs the Domino's Pizza (DPZ.N) chain in India, reported 10% rise in second-quarter profit on Tuesday.

☆ Factbox: Companies count the cost of ditching Russia
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +6 min

INDITEX (ITX.MC)Zara owner will book a provision of 216 million euros after agreeing to sell its Russia stores to UAE-based Daher Group. TRATON (8TRA.DE)Volkswagen's (VOWG_p.DE) truck division Traton in September said disposing of some assets in Russia would cause a 550 million euro loss. CREDIT AGRICOLE (CAGR.PA)Credit Agricole provisioned more than 500 million euros related to its Russian exposure in Q1. LINDEThe world's largest industrial gases company's exit from Russia recorded impairments of $993 million from its Russia exit. SIEMENS (SIEGn.DE)The Munich-based engineering and tech firm said in May it would take a 600 million euro hit in Q2 for exiting Russia.

☆ Starbucks beats quarterly sales estimate on pricey drinks, robust demand
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Shares in the Seattle-based company rose about 3% in after-market trading, as Starbucks also posted a smaller-than-feared decline in sales in China - its fastest growing market. While restaurants such as McDonald's Corp (MCD.N) and Yum Brands Inc (YUM.N) have drawn inflation-hit Americans with cheaper meals, higher priced Starbucks coffee and cold beverages have enjoyed a steady stream of higher-income customers. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. "We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year," said interim Chief Executive Officer Howard Schultz. Global comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise, according to Refinitiv IBES.

Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Even so, wealthier people keep buying pricier food and drinks from Starbucks and Chipotle Mexican Grill Inc (CMG.N). Some analysts and investors have questioned how Starbucks can meet its global sales guidance of 7% to 9% growth for 2023, especially amid worsening economic conditions. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. read moreGlobal comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise.

☆ Premarket stocks: Why America's job market hasn't imploded
▼ + stars: | 2022-11-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Mortgage rates are at their highest levels since 2002, consumer spending and business investment is falling and the Federal Reserve is fighting persistent inflation with higher interest rates. “While job openings should continue to fall in the months ahead, the fact that they remain well above normal levels should continue to support strong job growth, possibly all the way into 2023,” said David Kelly, chief global strategist at JPMorgan Funds. The job market is good for workers but it’s not good for inflation. The problem is that this time around, the shape of the job market is different. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ The Happy Meal inventor says McDonald’s didn’t want it at first
▼ + stars: | 2022-10-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

But four decades ago, when the first Happy Meal debuted, the company didn’t quite get it. They didn’t immediately embrace it,” Bob Bernstein, an advertising executive who created the Happy Meal in the late 1970s, said in a video interview from his Kansas City office, which is decked out with Happy Meal memorabilia and original art. The meal’s name was an offshoot of a 1960s McDonald’s jingle, in which it called itself the “happy place.” “It’s such a happy place / Hap, hap, hap, happy place,” it went. For some reason, the company’s corporate offices outside Chicago were reluctant to roll out the Happy Meal nationally. Mario Anzuoni/ReutersIn the 1990s, Beanie Babies, Transformers and Power Rangers Happy Meal toys were massive hits for McDonald’s.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Costco, Ford, Meta, McDonald's & more
▼ + stars: | 2022-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Amazon as buy Goldman said it's standing by shares of Amazon after its "mixed" earnings report on Thursday. Morgan Stanley reiterates Apple as overweight Morgan Stanley says Apple is still "best of breed" after its earnings report on Thursday. Morgan Stanley reiterates Ford as overweight Morgan Stanley says it likes Ford more as a "restructuring play" than as a way to play the electric vehicle sector. Morgan Stanley reiterates Costco as overweight Morgan Stanley says the stock is defensive and in "rare air." Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is a must-own "in these times" after its earnings report on Thursday.

☆ Final Trades: MCD, SBUX, BMY & NKE
▼ + stars: | 2022-10-28 | by ( Melissa Lee | ) 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 EmailFinal Trades: MCD, SBUX, BMY & NKEThe final trades of the week. With CNBC's Sara Eison and the Fast Money traders, Tim Seymour, Guy Adami, Steve Grasso and Courtney Garcia.

☆ Three Stock Lunch CAT, MCD and NOW
▼ + stars: | 2022-10-27 | 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 EmailThree Stock Lunch CAT, MCD and NOWLee Munson, president and CIO of Portfolio Wealth Advisors, joins 'Power Lunch' to share his picks for the three stock lunch: Caterpillar, McDonalds and ServiceNow, three names moving higher after topping Q3 estimates,

☆ McDonald's beats sales estimates on boost from pricier menu
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - McDonald's Corp (MCD.N) beat quarterly comparable sales estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals. Chipotle Mexican Grill Inc (CMG.N) on Tuesday also beat quarterly sales and profit estimates as it passed on higher prices to customers. Comparable sales for McDonald's in the United States, the company's biggest market, rose 6.1% in the reported quarter helped by higher prices. Analysts have noted that an easing in gas prices also boosted third-quarter restaurant sales in the United States in general after a slowdown in June. That still beat estimates of $5.69 billion.

☆ How to trade Caterpillar, Northrup Grumman and McDonald's post-earnings
▼ + stars: | 2022-10-27 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to trade Caterpillar, Northrup Grumman and McDonald's post-earningsThe traders on how to trade CAT, NOC and MCD after earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

☆ As prices soar, consumers turn to McDonald’s
▼ + stars: | 2022-10-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN Business —Inflation is relentlessly high and food prices in particular are soaring. In the third quarter, McDonald’s US prices were up about 10% year-over-year on average. McDonald's prices were up about 10% year-over-year in the third quarter. Some might also be trading down to McDonald’s from more expensive chains or restaurants as menu prices increase at a slower clip than prices in grocery stores. “We feel very good about … McDonald’s value proposition,” said CEO Chris Kempczinski during the call.

☆ S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
▼ + stars: | 2022-10-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

That sent S&P 500 futures down 0.5% and Nasdaq futures down 0.6%, showing traders expect Wall Street to open lower on Friday. Among the 11 major sectors of the S&P 500, industrials had the biggest percentage gain, with communication services (.SPLRCL), weighed by Meta, down the most. Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Shares of Southwest Airlines Co (LUV.N) rose 2.7% after the carrier's quarterly profit topped consensus estimates. The S&P 500 posted 23 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 93 new highs and 119 new lows.

☆ Stock market continues to sizzle this month
▼ + stars: | 2022-10-24 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN Business —October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987 and 2008. Stocks enjoyed another solid rally Monday, continuing a hot streak for the markets this month. The S&P and Nasdaq are each still down more than 20% in 2022, though, which means they are in a bear market. American companies with significant exposure to the Chinese market were also hit hard and sat out the broader market rally. Brands (YUM) was down 2% while Yum China (YUMC), which franchises the KFC, Pizza Hut and Taco Bell brands in China, plunged 14%.

Search resuls for: "McD"

25 mentions found