McDonald’s Pulls Outlook as Sales Plummet
The company raised $6.5 billion in the quarter and has suspended share buybacks.
Coronavirus Outbreak Impacting Global Business
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
Impossible Foods Pulls Plug on McDonald’s Deal
The plant-based meat maker cites production constraints, possibly opening the door for rival Beyond Meat to supply the Golden Arches.
McDonald’s Buys AI Company to Automate Drive-Thru Ordering
Apprente’s voice-based technology should help speed and simplify the fast-food chain’s order taking.
McDonald’s to Buy AI Personalization Platform
The deal for Dynamic Yield would be the largest for the fast-food giant in two decades.
McDonald’s Shares Jump 6% on Earnings Beat
The company benefited from value deals and increased menu prices as it undergoes the largest construction project in its history.
McDonald’s Earnings Helped By European Sales, Lower Tax Rate
Despite a fall in revenue, the fast-food company still beat sales and earnings estimates and saw an increase in same-store sales globally.
McDonald’s to Lay Off Workers, Restructure Regional Offices
The fast-food giant looks to streamline its structure, reducing the layers between regional workers and the company's CEO.
McDonald’s Serves up 5.5% Comp Sales Gain
The fast-food giant benefited in Q1 from menu price increases that fueled higher check averages in the U.S.
Storms Dent Wendy’s Same-Store Sales in Q3
The fast-food chain's stock falls 3% amid concerns it is losing ground to its rivals in the burger wars.
Promotions Drive McD’s 6% Comp Sales Jump
Deals such as McPick 2 and the Signature Crafted premium sandwich helped the chain post a 4.1% Q3 gain in U.S. same-store sales.