Latest McDonald's Corp News
Beyond Meat urges investors to look past bumpy Q1, says new US burger could reignite sales
Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger hitting U.S. shelves now will help reignite weak sales. “We really do believe we are at the early stages of a pivotal and terrific year for...
They shared a name — but not a future. How two kids fought to escape poverty in Baltimore
BALTIMORE (AP) — Growing up in the streets of east Baltimore surrounded by poverty and gun violence, two kids named Antonio became fast friends. Both called “Tone,” they were similarly charismatic and ambitious, dreaming of the day they would finally leave behind the struggles that defined...
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. But the company's shares fell more than 15% in after-hours trading Wednesday as investors appeared concerned about rising costs. ...
McDonald's plans to step up deals and marketing to combat slower fast food traffic
McDonald’s plans to step up deals and value messaging to combat slowing sales. The Chicago burger giant said inflation-weary customers are eating out less often in many big markets. In the first quarter, fast food traffic was flat or down in the U.S., Australia, Canada, Japan, the...
McDonald's: Q1 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — McDonald's Corp. (MCD) on Tuesday reported first-quarter net income of $1.93 billion. On a per-share basis, the Chicago-based company said it had net income of $2.66. Earnings, adjusted for non-recurring costs, came to $2.70 per share. ...
Rhode Island transit chief resigns after he's accused in a hit-and-run at a McDonald's drive-thru
PROVIDENCE, R.I. (AP) — Rhode Island Public Transit Authority CEO Scott Avedisian submitted a letter of resignation to Gov. Dan McKee on Thursday just two weeks after he was accused in a hit-and-run in a McDonald’s drive-thru in Warwick. The announcement came the same day as the...
Storms bring floods and damaging wind across the South; 1 dead in Mississippi
SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strained the city’s antiquated drainage system. ...
McDonald's buys its Israeli restaurants from franchisee who sparked costly boycotts
McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. The Chicago-based burger giant said Friday it will buy Alonyal Limited, which owns and operates 225 restaurants in Israel. Financial...
California schools forced to compete with fast food industry for workers after minimum wage hike
SACRAMENTO, Calif. (AP) — Lost in the hubbub surrounding California's new $20-per-hour minimum wage for fast food workers is how that raise could impact public schools, forcing districts to compete with the likes of McDonald's and Wendy's for cafeteria workers amid a state budget crunch. ...
New $20 minimum wage for fast food workers in California set to start Monday
LIVERMORE, Calif. (AP) — Most fast food workers in California will be paid at least $20 an hour beginning Monday when a new law is scheduled to kick in giving more financial security to an historically low-paying profession while threatening to raise prices in a state already known for its high...
