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McDonald's CEO: 'The US Economy Is Divided' As Wealthy Customers Keep Coming While Regular Families Cut Back
Friday, May 2, 2025 - 3:00am | 653McDonald's Corp. (NYSE:MCD) is kicking off 2025 with a warning about a growing divide among U.S. consumers, noting a clear split along income lines. What Happened: During its first quarter earnings call on Thursday, McDonald’s CEO, Chris Kempczinski’s opening remarks centered around the...
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McDonald's Says No To Egg Surcharges, Celebrates 50 Years Of Egg McMuffin: 'Breakfast Experience Anchored In Great Value'
Wednesday, February 26, 2025 - 11:59am | 765Restaurant giant McDonald's Corp (NYSE:MCD) is celebrating 50 years of breakfast with specials and promotions that brush off the egg surcharges other restaurant chains have added with the breakfast commodity hitting record highs. What Happened: While restaurants like Waffle House and Denny's...
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Elizabeth Warren Blasts McDonald's Over Prices Raising Prices Faster Than Inflation — 'Corporate Profits Must Not Come At The Expense Of People's Ability To Put Food On The Table'
Thursday, October 24, 2024 - 11:10pm | 726On Thursday, Sen. Elizabeth Warren (D-Mass.) slammed McDonald’s Corporation (NYSE:MCD) for raising prices “faster than inflation.” What Happened: The senator said on X, “Corporate profits must not come at the expense of people's ability to put food on the table.”...
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McDonald's Stock Faces Death Cross, And Investors Aren't Loving It
Wednesday, May 8, 2024 - 2:50pm | 749McDonald’s Corp (NYSE:MCD) has recently formed a Death Cross pattern, a bearish technical signal indicating a potential downtrend. This development comes as McDonald’s stock has faced challenges, with a 9.8% decline over the past year and a 9.66% decrease year-to-date. Chart: Benzinga...
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McDonald's Launches New Restaurant Concept: Why The Timing Could Be Perfect For Aliens
Friday, July 28, 2023 - 3:01pm | 851Two news items may have collided in the last week with restaurant giant McDonald’s Corporation (NYSE: MCD) announcing a new restaurant concept and a whistleblower admitting under oath that the U.S. has non-human biologics recovered from UFOs. Here’s how they’re connected....
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McDonald's Layoffs Reportedly Prompt Temporary Shuttering Of US Offices
Sunday, April 2, 2023 - 9:25pm | 419McDonald’s Corporation (NYSE: MCD) is closing its offices temporarily in the U.S. as the burger chain prepares for corporate layoffs. What Happened: The Golden Arches operator asked U.S. employees and some global staff to work from home between Monday and Wednesday in an email last week,...
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Is McDonald's Recession Proof? Consumers Say Yes To Value Menu And No To 'Would You Like Fries With That?'
Saturday, July 30, 2022 - 12:25pm | 461McDonald’s Corporation (NYSE: MCD) has surged almost 6% since printing its second-quarter financial results on Tuesday before the market open. The fast food giant printed mixed results, reporting EPS of $2.55 compared to the analyst consensus estimate of $2.47. McDonald’s missed on...
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What Is McDonald's CEO Chris Kempczinski Net Worth? CEO Interview Breaks Down Competitive Advantages
Sunday, February 27, 2022 - 12:31pm | 695Since November 2019, Chris Kempczinski has served as the CEO of McDonald’s Corp (NYSE: MCD). Here is a look at his net worth, job history and what he sees as the competitive advantages for the fast-food giant going forward. Chris Kempczinski Net Worth: Kempczinski has worked with McDonald...
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McDonald's CEO Apologizes For Texts About Chicago Childrens' Deaths
Tuesday, November 9, 2021 - 5:53pm | 302McDonald’s Corp. (NYSE: MCD) CEO Chris Kempczinski has apologized for the text messages exchanged with Chicago Mayor Lori Lightfoot about the parents of two children who were killed in Chicago-area shootings. In April, the incident took place, and Kempczinski wrote to...
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Why McDonald's Shares Are Trading Higher Today
Wednesday, October 27, 2021 - 10:10am | 261McDonald's Corp (NYSE: MCD) is trading higher after the company announced better-than-expected third-quarter financial results. McDonald's reported quarterly adjusted earnings of $2.76 per share, which beat the estimate of $2.46 per share. The company reported quarterly revenue of $6.2...
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McDonald's CEO Talks Plant-Based Burger
Tuesday, November 10, 2020 - 10:46am | 136McDonald's Corporation (NYSE: MCD) CEO Chris Kempczinski on CNBC's "Squawk On The Street" discussed the company's own plant-based burger. On Monday, McDonald's announced the company is developing a new product called the McPlant, its own plant-based burger....
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Black Former McDonald's Franchisees Say They Were Set Up To Fail
Wednesday, September 2, 2020 - 11:58am | 664Fast-food giant Mcdonald's Corp (NYSE: MCD) faces a new legal battle as more than 50 former Black franchisees allege racial discrimination prevented them from achieving financial success. The Lawsuit Against McDonald's: Fifty-two Black plaintiffs who operated more than 200 McDonald's...
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McDonald's CEO Talks Recovery, Breakfast, Food Shortages And More
Thursday, April 30, 2020 - 1:55pm | 580McDonald's Corp (NYSE: MCD) reported a 3.4% decline in same-store sales in its first-quarter earnings, but it's difficult to model any progress as different countries are at different stages in their coronavirus response. McDonald's reported quarterly earnings of $1.47 per share,...
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Does McDonald's Have A Traffic Problem?
Sunday, February 2, 2020 - 7:03pm | 436McDonald's Corp (NYSE: MCD) posted 5.1% U.S. same-store sales growth in its fourth-quarter earnings report, but this doesn't tell the full story. Breaking Down McDonald's Traffic McDonald's same-store sales growth in the final months of 2019 was driven by new initiatives like...
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Early Reaction To McDonald's 'Pretty Strong Numbers'
Wednesday, January 29, 2020 - 10:00am | 360Fast-food giant McDonald's Corp (NYSE: MCD) reported "pretty strong numbers" in its fourth-quarter results, Morningstar analyst R.J. Hottovy said on CNBC. McDonald's reported an EPS beat and in-line revenue but strong U.S. and global comps suggest competitive concerns present in...