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McDonald's Spends $100 Million After E. Coli Outbreak As 'Trust And Love' Must Be Rebuilt, Says Chief Impact Officer
Sunday, November 24, 2024 - 7:24pm | 703McDonald’s is pulling out all the stops to rebuild its reputation and lure customers back after an E. coli outbreak linked to slivered onions in its Quarter Pounder hamburgers. The fast-food giant has reportedly earmarked $100 million for recovery efforts, including marketing and franchisee...
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Cannabis Dispensaries Outnumber McDonald's Across US: 'It's All About Location'
Monday, March 25, 2024 - 9:04am | 748In a shift reflecting America’s changing attitudes towards cannabis, the number of cannabis dispensaries has surpassed that of McDonald’s Corp. (NYSE:MCD) restaurants, showing an evolution in consumer trends and legal frameworks. With a majority of the U.S. population now living in...
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McDonald's Double Big Mac To Make A Triumphant Return With Noteworthy Upgrades Like More Sauce, Better Sear
Thursday, January 11, 2024 - 3:14am | 626Starting January 24, McDonald’s Corp (NYSE:MCD) is all set to roll out its revamped Double Big Mac across the nation. This comeback includes a few notable tweaks to the iconic burger. What Happened: The Double Big Mac is returning after a brief appearance in March 2020. This time around, the...
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Binance CEO Denies Owning CommEx, But Russian Customers Will Notice Similarities
Thursday, September 28, 2023 - 11:40am | 511Binance CEO Changpeng Zhao has denied owning shares in CommEx, the entity that acquired his company's Russia business. Although there are certain operational overlaps, Zhao stated. What Happened: When Binance decided to cease operations in Russia, there were murmurs about the nature of the...
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McDonald's Franchisee Surges 50% In 3 Months
Friday, July 21, 2023 - 8:33am | 793Which burger joint has the best fries is debatable, but there's no debating that Arcos Dorados Holdings Inc. (NYSE: ARCO) is the hottest stock in fast food. Arcos Dorados translates to "Golden Arches" in English. The world's largest independent McDonald's...
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Burgers, Fries, And A $300 Stock Price: The Tantalizing Journey Of McDonald's To Financial Stardom
Monday, April 24, 2023 - 10:02am | 530McDonald's has introduced flavor-enhancing changes to their popular Big Mac and McDouble burgers and removed artificial preservatives from some food items in their quest for a tastier fast food experience. These enhancements are positively impacting McDonald's appeal to investors, with...
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Still Lovin' It: Investors Keep Visiting McDonald's
Monday, September 19, 2022 - 1:57pm | 980McDonald's continues to be able to deliver growth McDonald's goes about its business ringing up sales to value-minded eaters McDonald's has a steady history of quarterly dividend distributions Just like you know what you're getting when you order the number 5 value meal, you know...
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Asia Stocks Drop As Death Toll From Coronavirus Continues To Rise, Companies Hold Back
Tuesday, January 28, 2020 - 3:39am | 572Markets in Asia Pacific continued to trade lower on Tuesday, as the novel Coronavirus continues to claim victims in the Hubei province of China. What Happened The death toll from the virus rose to 106, with over 4,515 cases being confirmed by the end of Monday, according to the official numbers of...
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Americans Love 7-Eleven and Wawa More Than Walmart: Report
Monday, January 13, 2020 - 7:37am | 413Convenience stores across the United States saw a rise in revenue and the number of outlets over the last decade, CNN reported on Sunday, citing data from the National Association of Convenience Stores. What Happened According to the data, the number of sales inside the stores during the past...
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McDonald's Faces Lawsuit Over Alleged Discrimination Against Black Franchisees, Staff
Thursday, January 9, 2020 - 6:17am | 425Two African American executives at McDonald's Corp (NYSE: MCD) have filed a lawsuit against the company, accusing it of discriminating against its black franchisees and staff, reports Business Insider. What Happened A lawsuit was filed against McDonald's on Tuesday in the North...
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McDonald's Franchisee Found Guilty For 'Very Serious' Safety Violations In Peru
Friday, December 27, 2019 - 3:39am | 289Mcdonald's Corp’s (NYSE: MCD) Latin America franchisee Arcos Dorados Holding Inc (NYSE: ARCO) could face a fine of $254,000 for violating local safety and health laws in Peru, according to Reuters. What Happened Arcos Dorados was found guilty of six “very serious”...
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Where's The Beat? Channel Checks Suggest Strong Sales At Wendy's
Friday, September 15, 2017 - 9:37am | 401Analysts at Longbow Research turned bullish on fast food chain Wendys Co (NASDAQ: WEN) after conducting first hand checks and conversations with franchisees. Alton Stump upgraded Wendy's stock from Neutral to Buy with a new $18 price target. Following conversations and checks with Wendy's...
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Expect McDonald's Focus On Value To Deliver Upside In The Year To Come
Tuesday, June 20, 2017 - 11:50am | 394Shares of McDonald's Corporation (NYSE: MCD) are up more than 25 percent since the start of 2017 and even hit a new all-time high of $155.28 on Tuesday. As such, many investors are wondering if now is a time to cash in on profits or if the popular fast food restaurant chain's stock has further...
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McDonald's No Longer A Premier Olympic Sponsor
Friday, June 16, 2017 - 9:46am | 378Investors are shrugging off Friday's announcement that McDonald's Corporation (NYSE: MCD) and the International Olympic Committee mutually agreed to end their partnership. Shares of McDonald's were trading slightly higher by 0.3 percent early Friday morning after McDonald's Global Chief Marketing...
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McDonald's Turnaround Efforts, Growth Prospects Lead To Upgrade
Thursday, April 27, 2017 - 9:22am | 353McDonald's Corporation (NYSE: MCD) won over a Wall Street analyst after its earnings report, as Argus' John Staszak upgraded the stock from Hold to Buy with a newly established $158 price target given the fast food chain's turnaround efforts and growth prospects. McDonald's 2017...