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Former McDonald's CMO: Most Of The Seeds Of Destruction At McDonald's Were Planted Under Jim Skinner
Wednesday, February 11, 2015 - 4:36pm | 469Although McDonald's Corporation (NYSE: MCD) surged on the announcement of CEO Don Thompson stepping down. The surge is most likely temporary, though, as the headwinds facing the company are too strong for it to cover. With comp sales continuing to slump, analysts and industry veterans fear...
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McDonald's CEO Defends Company's Marketing, Wage Scale During Shareholders' Meeting
Thursday, May 22, 2014 - 2:33pm | 588Fighting back against disruptive protests outside its corporate headquarters and strong criticism inside, McDonald's (NYSE: MCD) CEO Don Thompson defended his company's wage scale, as well as its marketing practices, during the company's annual shareholders' meeting. Disgruntled McDonald's...
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Liveable Wage Protesters Storm McDonald's Annual Shareholder Meeting
Thursday, May 22, 2014 - 1:29pm | 499Over 100 individuals were arrested on Wednesday during a protest at the McDonald's (NYSE: MCD) corporate headquarters in the run-up to the company's annual share holder meeting on Thursday. The protesters, who are said to have arrived on 32 buses, are seeking higher wages from the fast food...
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The Top 21 African-American CEOs In Business
Monday, April 21, 2014 - 12:50pm | 118In 2013, Benzinga identified nearly two dozen of the top African-American heads of big-name firms, despite an overall lack of representation in the higher levels of business. Over the course of the last year, many have seen their companies continue to grow. The black CEOs on the list come from...
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Has McDonald's Become Irrelevant?
Friday, January 24, 2014 - 1:01pm | 596It’s tough for any business to survive if it isn’t relevant to its customers. According to McDonald’s (NYSE: MCD) CEO, Don Thompson, his company has that problem -– at least, to some extent. Thursday, during a call to analysts, Thompson said “We’ve lost some of our customer relevance.”...
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Is Wendy's Success at McDonald's Expense?
Friday, January 3, 2014 - 4:50pm | 658Wendy's (NASDAQ: WEN) may describe itself as “the world's third-largest quick-service hamburger company,” but the Dublin, Ohio-based company has been growing and nibbling away at the market share of fast-food giant McDonald's (NYSE: MCD). According to the restaurant industry web site QSR, 2013...
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Is McDonald's Taking on Starbucks in Coffee Wars?
Friday, November 15, 2013 - 10:30am | 607McDonald’s (NYSE: MCD) CEO Don Thompson wouldn’t name the Seattle-based chain as a competitor when he said Thursday that his company has less than its “fair share” of the coffee market. To date, McDonald’s “share” of restaurant coffee servings in the U.S. is less than 13 percent, according to...
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McDonald's Shares Fluctuate During Investor Meeting
Thursday, November 14, 2013 - 5:54pm | 332McDonald's (NYSE: MCD) had their investor meeting today with Don Thompson, McDonald's President and CEO, and other members of senior management. The meeting reiterated the company's strategic plan- the Plan to Win- and global growth priorities. In McDonald's 8-K Form, Don Thompson commented, "...
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McDonald's Fights Slow Sales By Changing Dollar Menu Name
Tuesday, October 22, 2013 - 11:55am | 623After a year’s worth of disappointing sales, McDonald’s (NYSE: MCD) has decided to try a little slight of hand. The fast food giant’s Dollar Menu will now be called the “Dollar Menu and More.” As in, “not everything on the menu will cost a dollar.” Some...
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Taxpayers Foot $1.2 Billion Public Assistance Bill for McDonald's Employees
Thursday, October 17, 2013 - 6:45am | 675Each year, U.S. taxpayers pay out $1.2 billion in public assistance to workers at McDonald’s (NYSE: MCD), according to a study released Tuesday by the National Employment Law Project. The NELP study used data from another one conducted by economists at the University of California-Berkeley and...
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McDonald's Fights to Regain Customers and to Counter Worker Wage Criticism (MCD)
Thursday, July 25, 2013 - 9:11am | 617Poor McDonald’s Corp. (NYSE: MCD)! In addition to missing Wall Street’s earnings expectations Monday, and along with the anticipation of lower sales the rest of the year as customers count their fast food pennies, the fast food giant faces more competition than ever, according to Chicago...
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Analysts Weigh In: McDonald's Weak Earnings Report, Challenging Remainder of 2013 (MCD)
Monday, July 22, 2013 - 1:08pm | 786McDonald's (NYSE: MCD) reported a weak second quarter before the opening bell on Monday. The company was also downbeat on the remainder of the year and shares fell. Second Quarter Highlights For the second quarter ended June 30, McDonald's reported earnings per share of $1.38 vs. the $1.40...
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Hey McDonald's, Where's That All-Day Breakfast?
Monday, May 13, 2013 - 11:58am | 559Standup comedians joke about it. The 1993 film, Falling Down turned it into part of the reason Michael Douglas went berserk. “It,” of course, is the McDonald’s (NYSE: MCD) “Breakfast Rule.” The McDonald’s “Breakfast Rule” says that no matter how hungry you are for an Egg McMuffin, you can’t...
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Golden Arches Across The World
Friday, April 26, 2013 - 1:50pm | 713McDonald's (NYSE: MCD) CEO Don Thompson spoke exclusively on CNBC's Squawk on the Street Friday morning about the state of the fast-food giant and its position in various markets around the globe. In the U.S., McDonald's sales show a level of infrequency in relation to hopes of an economic...
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McDonald's had a Great Quarter, but is Chipotle a Better Buy?
Wednesday, January 23, 2013 - 10:49am | 497McDonald's (NYSE: MCD) reported earnings Wednesday morning that beat analyst expectations. The stock is currently up 0.4 percent in morning trading. The company reported earnings of $1.38 per share on $6.95 billion in revenues. Analysts expected earnings per share to come in at $1.33 per...