Tag Archives: McDonalds

McDonald’s (MCD) plans to open 1,900 new locations in 2023. More than 400 of the new Golden Arches will be in the U.S. or in its internationally operated markets, including Germany, Canada, France, Australia, Canada, and the U.K. The remaining 1,500 will be in developmental licensee and affiliate markets, including 900 in China. The fast-food giant plans to spend $2.2 billion to $2.4 billion on capital expenditures, “half of which will be dedicated to new net openings,” CFO and EVP Ian Borden… Source link

McDonald’s (MCD) former CEO Stephen Easterbrook agreed to repay more than $52.7 million in a settlement with the U.S. Securities and Exchange Commission over investor fraud allegations. The agency alleges that Easterbrook defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO, resulting in a separation compensation that he should not have received because of the alleged fraud. The conflict — that the company at the time said was… Source link

McDonalds’ customers may be able to order a Big Mac with a side of large fries, and one original glazed Krispy Kreme doughnut in the future. In late October, the two consumer giants kicked off the “unique” partnership. Both McDonald’s and Krispy Kreme are currently conducting a small operations test at nine McDonald’s restaurants in Louisville, KY, and surrounding areas. Krispy Kreme CEO Mike Tattersfield told Yahoo Finance the collaboration is only in its early stages. “It’s really early days,… Source link

McDonald’s (MCD) customers in the U.S. are still lovin’ the fast food chain, even with higher prices. In the third quarter, U.S. sales at the Golden Arches increased by 6.1% as more customers made their way back inside restaurants while delivery sales saw a record-high quarter and drive-through sales returned to pre-COVID levels. This positive momentum came despite menu prices increasing by 10% year-over-year. “McDonald’s in the U.S. had positive traffic — not many restaurants today have… Source link

Fast food giants McDonald’s (MCD) and Taco Bell (YUM) are tapping into fan nostalgia to boost traffic. On Tuesday, Taco Bell announced its first-ever in-app voting experience, allowing fans to vote for either the Double Decker Taco or the Enchirito to return to menus for a limited time. The Double Decker Taco was introduced in 1995 as a limited-time offering before it became a 13-year menu mainstay from 2006 to 2019. It includes a soft flour tortilla layered with beans then wrapped around a… Source link

MOSCOW (AP) — Three months after McDonald’s suspended operations in Russia, hundreds of people streamed into its famous former outlet on Moscow’s Pushkin Square as the restaurant reopened Sunday under a Russian owner and a new name. In March, McDonald’s halted operations of its company-run restaurants in Russia. Although some run by franchisees stayed open, the action by the multinational fast-food chain was among the most visible responses by foreign companies to Russia sending troops into… Source link

McDonald’s (MCD) is bringing back its fan-favorite Szechuan Sauce. Beginning on March 31, and for “only a few days,” the sauce will be available for free with any Chicken McNuggets order at U.S. locations. There’s a catch though, the dipping sauce will only be sold via the McDonald’s app. This is the sauce’s fourth return to the Golden Arches since its debut 24 years ago as a promotional tie-in to Disney’s animated movie “Mulan.” The sauce made a cult-fan comeback 20 years later, in 2017,… Source link

Russia’s recent decree essentially legalizing intellectual property theft leaves brands like McDonald’s (MCD) and Starbucks (SBUX) with no legal recourse if copycat businesses use the brands as their own. Over the past two weeks, Russian officials have stripped away IP rights from U.S. companies doing business in Russia, along with foreign companies from 23 other “unfriendly” territories. As a result, companies like McDonald’s and Starbucks that have left Russia to protest its invasion of… Source link

Russians have been attempting to sell McDonald’s menu items on Russian website Avito.faber1893/Shutterstock Russians are trying to sell McDonald’s menu items online, following branch closures. Popular items like Big Macs and McMuffins have been offered at inflated prices. One listing on a classified ads website offered McDonald’s packaging for up to $373. Russians are attempting to sell McDonald’s menu items online at highly inflated prices, following the closure of more than 800 restaurants in… Source link

As the West rolls out more sanctions against Russia for its war in Ukraine, another consumer favorite joins the list: Big Macs. McDonald’s Corporation (MCD) said Tuesday the U.S.-based fast-food giant will temporarily close all restaurants in the country and pause operations in its Russian market, heeding to growing criticism over its silence on the conflict even as other multinational companies have severed ties with the nation. “We serve millions of Russian customers each day who count on… Source link