Announcement Announcement Module
No announcement yet.
McDonald's November sales miss as U.S. weakness continues Page Title Module
Move Remove Collapse
Conversation Detail Module
  • Filter
  • Time
  • Show
Clear All
new posts

  • McDonald's November sales miss as U.S. weakness continues

    (Reuters) - McDonald's Corp (MCD.N) reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States.

    The world's biggest hamburger chain said worldwide sales at restaurants open at least 13 months rose 0.5 percent last month, missing analysts' average estimate of a rise of 0.6 percent, according to Consensus Metrix.

    Same-restaurant sales fell 0.8 percent in the United States, widely missing the 0.3 percent gain expected on average by the 14 analysts polled by Consensus Metrix.

    The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.


  • #2
    McDonald's gets fewer visits in quarter, expects weak January

    (Reuters) - McDonald's Corp (MCD.N) reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners frequented the fast-food chain, and warned that sales would again fall short of analysts' expectations in January.

    The world's biggest restaurant chain by revenue has reported disappointing sales for five straight quarters, hurt by self-inflicted operational stumbles, weak demand and intensified competition from resurgent rivals such as Wendy's Co (WEN.O) and Burger King Worldwide Inc (BKW.N).

    Indeed, efforts by Chief Executive Don Thompson to shore up earnings in the 18 months since he took the top job at the company - by tweaking menus and changing management - have not borne fruit.



    • #3
      McDonald's quits Crimea as fears of trade clash grow

      McDonald's Corp said on Friday it had closed itsrestaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all of the U.S. fast food chain's outlets in Russia to be shut.

      Crimea's annexation by Russia, which Ukraine and the West do not acknowledge, has worried companies with assets in the Black Sea peninsula as it is unclear how the change may affect theirbusiness.

      McDonald's said the decision was strictly based on business and had "nothing to do with politics." Nevertheless, its move to temporarily close restaurants in Simferopol, Sevastopol and Yalta is likely to be seen as emblematic of the rift in Western-Russian relations, now at their lowest point since the end of the Cold War.



      • #4
        McDonald's accused of favouring foreign workers

        McDonald’s is under federal investigation over possible abuses of the Temporary Foreign Worker program at a franchise outlet in B.C.

        "The pattern is that the temporary foreign workers are getting more shifts and that the Canadians are getting less,” said employee Kalen Christ, a McDonald’s "team leader" who has worked at the Victoria location for four years.

        As a result of Go Public’s inquiries, the government has suspended all pending foreign worker permits for the three McDonald’s locations owned by franchisee Glen Bishop and has blacklisted his franchise from using the program, pending the outcome of the probe.



        • #5
          McDonald's foreign worker practices face growing investigation

          The federal investigation into McDonald’s use of temporary foreign workers has widened to several other locations, as more local workers speak out about feeling sidelined and shortchanged.

          “I feel it’s definitely discrimination against Canadians,” said Chris Eldridge, from Lethbridge, Alta.

          Eldridge just quit his managerial job for six McDonald’s locations in Alberta, because he said he could no longer stomach denying local employees much-needed shifts to accommodate temporary foreign workers.

          “Honestly, some days I wonder, is this still Canada? Everyone is supposed to have equal rights.”



          • #6
            McDonald's foreign workers call it 'slavery'

            Foreign workers recruited from Belize are accusing McDonald’s Canada of treating them like "slaves," by effectively forcing them to share an expensive apartment – then deducting almost half their take-home pay as rent.

            “When we arrived at the airport, they said, ‘We already have an apartment for you,’ so at that point we already know we don’t have a choice of where to live,” said Jaime Montero, who came to Edmonton with four others in September to work at McDonald’s.

            "We had to live there. We were told this is what we are doing," said another worker who didn't want to be named because he still works for McDonald's.



            • #7
              McDonald's: Are golden days of golden arches over?

              McDonald’s has been making headlines lately, but for all the wrong reasons, sparking speculation that the golden years of the golden arches are over.

              Food industry analysts don’t think McDonald’s will go the way of the Woolworth’s lunch counter, but one of the most recognizable brands in the world, with 36,000 locations globally and 1,400 in Canada, is in decline and scrambling for a new strategy under new leadership.

              "The biggest challenge McDonald’s faces is remaining relevant as a generational retailer," said Canadian retail executive George Minakakis.