McDonald's Corp
Walmart says more diners are buying its groceries as fast food gets pricey
Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth […]
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McDonald’s $5 value meal is coming in June — and staying for just a month
A McDonald’s store sign in Austin, Texas, Oct. 30, 2023. Brandon Bell |Getty Images McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble, four piece chicken nuggets, fries and a drink — and […]
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Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023. Jeenah Moon | The Washington Post | Getty Images High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that’s been hurting other eateries. As a […]
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McDonald’s is working to introduce a $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The people said the […]
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Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped Americans try to scrape by. That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds to an increasingly popular view […]
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McDonald’s is betting on its mobile business with new franchisee digital marketing fund
A Big Mac is displayed on a page of the McDonald’s app Daniel Acker | Bloomberg | Getty Images McDonald’s U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. The change is […]
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Applebee’s owner Dine Brands wants to steal fast-food customers with its deals
Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. The company reported first-quarter earnings that fell short of Wall Street’s estimates, and both Applebee’s and IHOP’s same-store sales shrank more than expected. Still, Dine reiterated its full-year outlook and said sales have improved […]
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Ahead of retail earnings, here’s what we know about the consumer so far
A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that […]
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These major, perfectly-recognized shares are forming the dreaded dying cross chart pattern
A handful of stocks are coming into or about to enter the worrisome so-identified as dying cross. A demise cross is a price chart sample that kinds when a stock’s 50-day transferring ordinary slips down below its 200-working day transferring average, lending a signal that investors are bearish on a inventory or that the stock’s […]
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Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales in its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said has adopted a “street-fighting mentality” to compete for value-minded diners. For months, economists have been […]
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