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McDonald’s US Sales Are Up for the First Time in 2 Years

McDonald’s US Sales Are Up for the First Time in 2 Years


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In a statement, CEO Steve Easterbrook acknowledged the boost to sales from “McDonald’s iconic Egg McMuffin”

McDonald’s global and domestic sales are seeing significant growth for the first time in years.

McDonald’s CEO Steve Easterbrook’s turnaround plan — and the long-awaited arrival of all-day breakfast — is finally paying off for McDonald’s, as the iconic but struggling fast food company has just had its best domestic performance in more than two years.

In its third-quarter profit report, McDonald’s noted that net income during the quarter rose 23 percent, to $1.31 billion, or $1.40 a share.

Sales within the United States rose .9 percent during the third quarter, beating analysts’ projections for a .2 percent decline, according to Bloomberg. Global same-store sales also saw their best performance in three years. In a press release, McDonald’s attributed its success to its crispy chicken deluxe sandwich and “a return to the classic recipe ingredients for McDonald’s iconic Egg McMuffin.”

“I am encouraged by our operating performance for the quarter, with positive comparable sales across all segments, including the U.S., as well as sales recovery in China following the prior year supplier issue,” Easterbrook said in a statement. “I am confident in the fundamental strength of the McDonald's System and our ability to drive initiatives that are focused on delivering the greatest benefit for our customers.”


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


McDonald's misses profit target as competition delivers breakfast, plant burgers

(Reuters) - McDonald's Corp MCD.N missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%.

Rival fast-food chains in the United States have challenged its dominance with value meals and new menu items, including plant-based burgers and meat substitutes launched by rivals including Restaurant Brands International Inc's QSR.TO Burger King and Yum Brands Inc's YUM.N KFC. McDonald's is seen late in reintroducing chicken sandwiches and rival Wendys Co WEN.O has started serving breakfast.

In the face of declining customer traffic, McDonald's has been remodeling its 14,000 U.S. restaurants to include digital ordering kiosks, mobile ordering as well as pay-and-pickup services, while partnering with app-based delivery services GrubHub Inc GRUB.N , Uber Eats UBER.N and DoorDash.

Those investment led to a 2% rise in operating costs to about $3 billion, leading McDonald’s to post a smaller-than-expected profit of $2.11 per share versus an average estimate of $2.21, according to IBES data from Refinitiv.

“The world is different than it was in 1955,” Chief Executive Officer Steve Easterbrook said during a call with investors.

“We’re keenly aware we have to be ahead of these changes, investing, executing and growing with a deep sense of urgency and purpose,” he said.

U.S. traffic was negative - an industry-wide trend expected to continue through the end of the year, especially due to weakening economic conditions, according to TDn2K research.

Sales at U.S. restaurants open for at least 13 months rose 4.8% in the third quarter ended Sept. 30, below the 5.17% growth expected by analysts, according to Refinitiv data.

“Our gut tells us that McDonald’s was outcompeted in the third quarter by Wendy’s and Burger King,” Cowen analyst Andrew Charles said in a note.

Despite the U.S. miss, Bernstein analyst Sara Senatore said sales “continue to be among the best in the industry” and that benefits from store renovations should build in future quarters.

Globally, the company reported better-than-expected comparable sales growth of 5.9% on strong performance in markets such as the UK and France.

Interest in plant-based burgers has jumped in North America, and consumers have been waiting to see if McDonald's will expand its test of a Beyond Meat Inc BYND.O burger in Ontario, Canada, to the United States and other markets.

Easterbook gave no clues other than saying they were interested in such products and wanted to get the flavor and marketing right.

“What we’re interested in is really how best to position this, get a sense of the flexitarian customer,” he said, referring to people who eat mostly, but not entirely, vegetarian diets.

Net income fell 2% to $1.61 billion in the quarter from $1.64 billion a year earlier.

Total revenue, including both U.S. and overseas operations, rose to $5.43 billion, slightly below analysts’ expectations of $5.49 billion.

The company also expects selling, general and administrative expenses for 2019 to rise between 1% to 2% excluding the impact of currency fluctuations.

McDonald’s expects delivery to drive $4 billion, or roughly 4%, of global sales.

The service is now available from about 23,000 McDonald’s restaurants in over 80 countries. On average, guests spend twice as much on delivery orders as they do on in-store checks, Easterbrook said.

“Delivery remains a big frontier for our business, and we still have a long way to go,” he said.

Reporting by Aishwarya Venugopal in Bengaluru and Hilary Russ in New York Editing by Anil D’Silva and Lisa Shumaker


Watch the video: Ο ΠΕΙΡΑΤΗΣ ΤΟΥ ΘΕΡΜΑΪΚΟΥ ΚΟΥΡΣΕΥΕΙ ΤΟΥΣ ΘΗΣΑΥΡΟΥΣ ΤΗΣ ΘΕΣΣΑΛΟΝΙΚΗΣ (July 2022).


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