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McDonald's says trials of plant-based burger failed in two US cities
Proactiveinvestors NA· 2024-06-26 16:43
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
McDonald's, its rivals offer $5 meal deals to lure back budget-conscious consumers. Will the plan work?
Fox Business· 2024-06-25 19:36
Fast food companies are going head-to-head by offering nearly identical promotions to lure back customers who've been distanced by increased menu prices.  McDonald's on Tuesday rolled out its highly anticipated $5 value meal at restaurants nationwide in hopes of driving traffic while the deal lasts. The $5 meal deal, in which customers get to choose one of two sandwich options plus small fries, a four-piece McNuggets and a small soda, is expected to run nationwide for four weeks.  MCDONALD'S CEO: CALIFORNIA ...
McDonald's Launches '$5 Meal Deal' as Fast Food's Price War Grows
Investopedia· 2024-06-25 16:50
Key TakeawaysMcDonald's new "$5 Meal Deal" kicks off Tuesday as a number of fast-food giants have lowered prices or announced limited-time promotions in recent weeks.Fast-food rivals Wendy's and Burger King have also recently announced plans to lower prices or introduce temporary value deals.Companies across fast food and other industries have noted in recent months that consumers have decreased discretionary spending and focused on essentials as inflation has continued. McDonald's (MCD) has officially laun ...
McDonald's (MCD) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-06-24 22:55
In the latest market close, McDonald's (MCD) reached $260.38, with a +0.38% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.31%. At the same time, the Dow added 0.67%, and the tech-heavy Nasdaq lost 1.09%.Shares of the world's biggest hamburger chain have appreciated by 0.5% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.85% and the S&P 500's gain of 2.73%.Market participants will be closely following the financial results o ...
McDonald's to Offer $5 Meal Deal as Consumers Seek Value
PYMNTS.com· 2024-06-20 21:48
Core Insights - McDonald's is launching a $5 Meal Deal on June 25, aimed at providing value to customers amid rising prices [1] - The deal includes a McDouble or McChicken sandwich, small fries, four-piece Chicken McNuggets, and a small soft drink [1] - The company is also promoting additional value offers through its app, including free medium fries with a minimum purchase on Fridays and special promotions on National French Fry Day [2] Company Strategy - The $5 Meal Deal is a response to customer demand for better value, as stated by McDonald's USA president Joe Erlinger [1] - Franchisees are encouraged to implement the deal to attract customers who have left due to high prices, despite previous concerns about profitability [2][3] - McDonald's aims to create memorable experiences while maintaining affordable prices, as emphasized by the chair of the McDonald's Owner/Operator and Operator's National Advertising Fund [2] Industry Context - The quick-service restaurant industry is experiencing increased consumer price sensitivity, with customers becoming more discerning about their spending [3] - Other retailers are also implementing price cuts and strategies to attract budget-conscious shoppers, indicating a broader trend in the retail sector [3]
McDonald's $5 Meal Deal: 7 Things to Know as New Value Meal Launches
Investor Place· 2024-06-20 16:27
McDonald’s (NYSE:MCD) is in the news today as the fast-food company is preparing to launch a new $5 meal deal to bring customers back amid high prices.Lets’ get into that with all of the news consumers need to know about the deal below!Details of the McDonald’s $5 Meal DealMcDonald’s is going to start selling the $5 meal deal next week and it offers a few items together as a bargain.Customers who order the deal can pick between a McChicken or a McDouble and will also get a four-piece Chicken McNuggets, a sm ...
McDonald's ends AI drive-thru trial after mishaps - including ice cream with bacon
Sky News· 2024-06-18 18:56
McDonald's is ending its AI drive-thru trial after customers reported errors in their orders - including bacon being added to ice cream. The fast food chain's AI ordering system, developed by IBM, uses voice recognition to process orders and has been rolled out at more than 100 McDonald's locations in the US since 2021. However, the technology's reliability has been called into question in recent months, with members of the public sharing videos of order mix-ups on social media.As well as topping a dessert ...
McDonald's (MCD) Loyalty Program & Comps Aid Amid Cost Woes
ZACKS· 2024-06-18 13:35
McDonald's Corporation (MCD) benefits from the robust loyalty program, menu innovation, expansion efforts and global comps growth. McDonald’s expects its velocity accelerators of Experience of the Future, digital and delivery to drive growth in the long term.Despite the aforementioned factors, the company’s shares have lost 13.7% in the past year, compared with the industry’s decline of 7.2%. Inflationary pressures and macroeconomic woes are the reasons behind the decline. Let’s delve deeper.Growth DriversE ...
McDonald's (MCD) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-06-17 22:56
McDonald's (MCD) ended the recent trading session at $253.51, demonstrating a -0.03% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.77%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.95%.The the stock of world's biggest hamburger chain has fallen by 6.9% in the past month, lagging the Retail-Wholesale sector's gain of 0.04% and the S&P 500's gain of 3.71%.Analysts and investors alike wi ...
McDonald's High Dividend Yield Meets High Food Price Inflation
Seeking Alpha· 2024-06-17 19:09
ermingut MCD stock: dividend yields near peak levels in at least 5 years McDonald’s (NYSE:MCD) caught my attention in my screening of dividend stocks. In these screens, I look for dividend stocks whose yields are noticeably above or below their historical averages. More specifically, the chart below shows MCD's dividend yield compared to its historical average in the past 5 years. As you can see, McDonald's current dividend yield of 2.58% is significantly above its 5-year historical average of 2.23%. Mo ...