McDonald's U.S. same-store sales increased by 4.3%, slightly missing the estimated 4.45%, while international operated markets saw a 4.4% rise, below the expected 5.03%, and international developmental licensed markets grew by 0.7%, not meeting the 5.06% forecast. The MyMcDonald's Rewards loyalty program, with over 150 million active members, contributed $20 billion in sales in the top 50 markets last year. The fast-food giant plans to open 2,100 new locations in 2024, including 500 across the U.S. and other developed markets. CEO Chris Kempczinski has reiterated the company's commitment to inclusivity in response to misinformation about its Middle East operations. With rising prices and muted consumer confidence, McDonald's expects customers to be more discriminating and is considering the use of the Dollar 123 platform to offer value to lower-income consumers. The company's stock took a hit, with shares falling by 2% after the earnings report, partly due to boycotts in the Middle East affecting sales and leading to the closure of some outlets. In light of customer backlash over high menu prices, the CEO has promised a return to ‘affordability’.
Yum China’s comparable sales beat estimates in the fourth quarter, as the fast-food operator rolls out new deals to lure Chinese diners https://t.co/bZe5ZeKiHq
$18 for a Big Mac Meal 🤯 So I had to fact check this This is with L fries and L Coke https://t.co/n84Mx9lH64 https://t.co/vUPDfQ2oiy
$18 for a Big Mac Meal 🤯 https://t.co/vUPDfQ2oiy
Oh, my once beloved @McDonalds, it seems you've made the boo-boo of supersizing prices so much to preserve your profit margin that you made too many folks realize it's cheaper (and healthier) to eat at home. You're losing customers, particularly at the low income end. Shame...
$18 for a Big Mac meal: https://t.co/K43cWvUcxC
Big restaurant chains say consumers are more cautious in China. Yum China is rewarding its investors. https://t.co/XQIevSq8eA
$YUMC | KFC, Taco Bell Parent Yum China Holdings Beats Q4 Earnings, Raises Dividend, Announces $1.25B Stock Buy-Back https://t.co/x0J52Q2n4s
"Low-income customers making less than $45k per year have largely stopped ordering from McDonald’s, the fast-food giant’s CEO Chris Kempczinski admitted Monday on an earnings call with Wall Street analysts. A Big Mac, fries and drink has risen to nearly $18 at a handful of…
Yum China’s comparable sales beat estimates in the fourth quarter, as the fast-food operator rolls out new deals to lure Chinese diners https://t.co/Up7ogzJRtW
McDonald’s to focus more on affordability after sales at US stores decrease https://t.co/h31vpSxsyj
Why McDonald’s is charging $18 for a Big Mac meal — and why there’s no relief in sight https://t.co/rAQj9VU7BP https://t.co/20kC8bZoUX
McDonald's CEO says fast food chain will focus on affordability amid outrage over menu hikes. https://t.co/3TQiAqscuW Click the image to read more:
After backlash over rising prices, like a $7 Egg McMuffin, a $16 fish filet, and a Big Mac combo costing nearly $18, McDonald's CEO is scrambling to say he'll lower prices. But now his promise of affordability is making the stock price fall. https://t.co/4iqkklV2Gr https://t.co/DuAGkIevTd
McDonald's CEO Chris Kempczinski addressed menu price concerns of affordability during the latest earnings call after growth didn't meet expectations. https://t.co/HnRaC8gNA9
$MCD BTIG downgrades McDonald’s to neutral from buy BTIG downgraded McDonald’s after its earnings report Monday. “Downgrading to Neutral; Expect More Modest Growth in Near-Future as Discounting Intensifies and Middle East Conflict Weighs on Sales.”
#McDonald’s is promising its ‘Best Burger.’ Now the chain will see if diners buy more of them – @nbcwashington @McDonalds #burger #food https://t.co/Ws5mgLmxtV
Fed-up McDonald’s customers have declared they’re breaking up with the chain, citing “ridiculous” prices, declining quality and service. https://t.co/nPGwGgIffG
“McDonald’s CEO promises ‘affordability’ amid backlash over $18 Big Mac combos, $6 hash browns” Article: https://t.co/4wMRhnnu5u
McDonald’s will open 1,000 more outlets in China this year, as it works to expand its presence into lower-tier cities in its second-largest market https://t.co/ZVotbd8E42
$MCD closed lower today after reported mixed Q4 earnings results. The stock is one of 10 most widely held consumer stock among institutional investors, but less so among hedge funds. 👇🏼 ~40% of institutional investors are holders of $MCD shares, while only 8.88% of hedge funds… https://t.co/q4fuZgT5Ub
McDonald’s CEO promises return to ‘affordability’ amid backlash over $18 Big Mac combos, $6 hash browns https://t.co/DvQNbR4f3B https://t.co/00ZIzEzI69
MCDONALD’S SHARES TUMBLE AS BOYCOTT HAS SIGNIFICANT IMPACT ON SHARES ✅ Shares of the company fell by 2% ✅ Drop in revenue ✅ Middle Eastern sales drop ✅ Some locations have had to shutter due to protests ✅ Malaysia and Indonesia sales drop Boycotts are clearly having a… https://t.co/hhVD8nqsnJ
McDonald's suggests they may use Dollar 123 platform in local markets to provide more value to lower-income consumers. $MCD
The China environment got "more promotional" amid weak consumer sentiment in the country. McDonald's built 1k restaurants in the country and is on track to do the same this year. $MCD
McDonald’s stock gets hit in the pre-market today on lackluster earnings and outlook for 2024. Americans can’t afford McDonald’s. But, we have unending money to fund overseas wars?! Plus, an open border to depress American wages??? Time for some discipline, some sanity. https://t.co/ix702R7MNY
McDonald's expects to open 2,100 locations this year, 500 of which will be in the U.S. and its more developed markets (UK, Germany, Canada, Australia, etc.) $MCD
McDonald's expects same-store sales to moderate to a "more normalized level of growth closer to our historical norm of 3% to 4% in the U.S. and IOM markets." (IOM - more developed global markets.) $MCD
McDonald's mentions building more chicken sales by expanding its McCrispy line into wraps and tenders. $MCD
McDonald's says customers will be more discriminating this year due to higher prices and "muted" consumer confidence. $MCD
McDonald's CEO Chris Kempczinski repeats earlier comments calling "misinformation" on the company's stance in the Middle East "disheartening and ill-founded." "McDonald's will always proudly open our doors to everybody." $MCD
McDonald's already has one of the largest loyalty programs in the world with more than 150m active members globally. $MCD
MCD comparable store sales: - US +4.3% vs. est. +4.45% - International operated markets comparable sales +4.4%, est. +5.03% - International developmental licensed markets +0.7%, est. +5.06%
McDonald's U.S. same-store sales 4.3%. Loyalty, marketing, operations drove performance. Sales came from pricing, not traffic. MyMcDonald's Rewards generated $20 billion in sales last year in top 50 markets. $MCD https://t.co/AbuCKx3xlz