McDonald's Corp
Restaurant executives can’t wait for 2025 after slow traffic and wave of bankruptcies
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going […]
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McDonald’s to invest over $100 million to speed up recovery after E. coli outbreak
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images In the wake of last month’s E. coli outbreak tied to McDonald’s slivered onions, the fast food giant said it will invest over $100 million […]
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China consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
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A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images On Starbucks’ fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges. The company’s same-store sales in the country plummeted 14% as foot traffic and the […]
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CDC says 90 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images Ninety people in 13 states have been infected in a deadly E. coli outbreak linked to McDonald’s Quarter Pounders, the Centers for Disease Control and […]
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McDonald’s executives say E. coli outbreak is ‘behind us’
McDonald’s Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois. Richa Naidu | Reuters A week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that the situation is now behind them. “How we’ve handled the […]
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Stocks making the biggest moves premarket: VF Corp, McDonald’s, Pfizer, PayPal and more
Check out the companies making headlines before the bell. VF Corp – Shares soared nearly 20% following the North Face and JanSport parent’s better-than-expected quarterly results. For the fiscal second quarter, the company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue. Analysts surveyed by LSEG were looking for 37 cents […]
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McDonald’s is about to report earnings. Here’s what to expect
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images McDonald’s is expected to report its third-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.20 expected Revenue: $6.82 billion The […]
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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. […]
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Stocks making the biggest moves midday: Taiwan Semi, On Semi, Delta Air and more
Check out the companies making headlines in midday trading. Spotify — The music streaming platform advanced 2% after Wells Fargo named it a top stock pick . Analyst Steven Cahall cited Spotify’s rising profit margins, strong product mix and evolving record label relationships as catalysts while reiterating an outperform rating on the stock. Robinhood — […]
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