McDonald's Corp
Popeyes overtakes KFC as No. 2 chicken chain, but Chick-fil-A stays on top
A Popeyes restaurant is seen in Washington, D.C. Eric Baradat | AFP | Getty Images Popeyes has overtaken KFC as the No. 2 chicken chain in the U.S., a decade after Chick-fil-A first unseated KFC from the top spot. Chicken chains’ battle for stomachs — and dollars — has become more aggressive in recent years. […]
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Fast-food drive-thru lanes speed up as fewer drivers wait in line
Chick-fil-A had the slowest average drive-thru experience in 2022, but the highest customer satisfaction. Jeff Greenberg | Universal Images Group | Getty Images Fast-food drive-thru lanes are speeding up as fewer customers choose to order their meals and milkshakes sitting in their car, according to an annual study by Intouch Insight released Monday. The average […]
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McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years
A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants. Paul Weaver | Lightrocket | Getty Images McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time […]
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McDonald’s franchisee group says new California fast food bill will cause ‘devastating financial blow’
After California lawmakers passed a landmark fast food bill, an independent advocacy group of McDonald’s owners is pushing back against what it says will be a “devastating financial blow” to its franchisees in the state, according to a memo to its membership viewed by CNBC. The new legislation, AB 1228, was voted into law late […]
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A fight between fast-food chains and unions in California is over, for now – what to know
Flags are flown at a car caravan and rally of fast food workers and supporters for passage of AB 257, a fast-food worker health and safety bill, on April 16, 2021 in the Boyle Heights neighborhood of Los Angeles, California. Mario Tama | Getty Images Fast-food workers in California are set to receive pay hikes […]
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McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC McDonald’s will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. The fast food giant retained WilmerHale law firm to conduct the […]
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Meta’s WhatsApp is chasing big businesses in effort to finally capitalize on app’s popularity
It’s been almost a decade since Facebook founder Mark Zuckerberg shocked the tech world, announcing his company’s agreement to spend $19 billion on WhatsApp, a popular messaging app with a tiny business. Since then, WhatsApp has remained somewhat of an anachronism. Usage has continued to grow, with more than 2 billion people now counting on […]
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3 trends are dividing restaurant companies into winners and losers
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. Some chains said their higher menu prices alienated diners, while others said consumer behavior hasn’t changed even as their food and […]
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Carl Icahn’s company stock drops 30% immediately after IEP slashes quarterly dividend in 50 %
In this article IEP Comply with your beloved sharesMake Free ACCOUNT Carl Icahn at the 6th yearly CNBC Institutional Investor Offering Alpha Convention on September 13, 2016. Heidi Gutman | CNBC Shares of Carl Icahn’s conglomerate Icahn Enterprises professional a sharp market-off Friday immediately after the agency slashed quarterly dividend in 50 percent amid notable […]
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McDonald’s is creating a spinoff restaurant brand called CosMc’s
1980s McDonald’s Commercial screenshot featuring CosMc. Source: McDonald’s | YouTube McDonald’s is creating a spinoff restaurant chain called CosMc’s, executives said Thursday. The fast-food giant shared few details about the project during its second-quarter earnings call. “CosMc’s is a small format concept with all the DNA of McDonald’s, but with its own unique personality,” McDonald’s […]
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