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Richard Lenny To Retire From McDonald’s Board Of Directors – $MCD $DIA $SPY $LTRN

As per reports, McDonald’s Corporation (MCD) disclosed the retirement of Richard "Rick" Lenny from McDonald's Board of Directors, with the retirement effective as of October 31, 2023. Lenny became a member of McDonald's Board of Directors in 2005 and has held the position of Chair of the Compensat...

McDonald’s Board Member Richard Lenny Set To Retire – $MCD $DIA $SPY $INVO

Reportedly, Richard "Rick" Lenny to retire from the McDonald’s Corporation (MCD) Board of Directors, effective October 31, 2023. Lenny joined McDonald's Board of Directors in 2005 and has served as the Chair of the Compensation Committee since 2019. In addition to his service to McDonald's, Lenny ...

McDonald’s To Temporarily Close US Offices For Layoff News – $MCD $DIA $SPY $INVO

Reportedly, McDonald’s Corporation (MCD), the popular burger chain, is set to temporarily shut down its U.S. offices to inform its corporate staff about the upcoming layoffs that are part of the company's overall restructuring plan. The report further mentioned that the company has urg...

McDonald’s To Refresh Board Of Directors With Retirement Of 2 Long-Serving Members – $MCD $DIA $SPY $INVO

According to reports, McDonald’s Corporation (MCD) has announced the retirement of two long-serving members, Robert "Bob" A. Eckert and John W. Rogers, Jr., from its Board of Directors, effective from the 2023 Annual Shareholders' Meeting. Eckert and Rogers both joined the board on the same day in...

McDonald’s USA Appoints Tabassum Zalotrawala As Chief Development Officer For U.S Business – $MCD $DIA $INVO

Reportedly, McDonald’s Corporation (MCD) USA President, Joe Erlinger, has announced the appointment of Tabassum Zalotrawala as the new Senior Vice President and Chief Development Officer. Zalotrawala's role will be to lead the development efforts for McDonald's in the United States and she will re...

Fortune Names McDonald’s As One Of World’s Most Admired Companies For 15 Years In A Row – $MCD $DIA $INVO

According to reports, McDonald’s Corporation (MCD) has been named one of the World's Most Admired Companies by Fortune for 15 years in a row. The company expressed pride in this achievement, which is a testament to McDonald's considerable global influence as it strives to feed and support communit...

McDonalds To Pay Quarterly Cash Dividend On March 15 – $MCD $DIA $INVO

Reportedly, the board of McDonald’s Corporation (MCD) announced a quarterly cash dividend of $1.52 per share payable on March 15, 2023. The dividend will be payable to common stockholders as of March 1, 2023. McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly ...

McDonald’s Releases Q4 Earnings – $MCD $DIA $ATOS

McDonald’s Corporation (MCD) released fourth-quarter earnings reporting earnings rising 16% to $2.59 per share with revenue sliding 1.4% to $5.93 billion. Adjusted earnings were expected to rise 10% to $2.45 per share on a 4.6% dip in revenue to $5.73 billion. Total comparable sales increased 12.6...

McDonald’s Sets To Review Business Strategy For Expansion & Restructuring – $MCD $DIA $INVO

Reportedly, Dow 30 component McDonald’s Corporation (MCD) is planning to discuss and review corporate staffing levels and build more restaurants as part of its updated business strategy. The revised new plan requires the company to cancel or "de-prioritize" some initiatives while also accelerating...

#Rising Cost & #Inflation Leads To 3rd Time Price Rise In #Japan’s McDonald’s Menu Within 10 Months – $MCD $DIA $INVO

Reportedly, the Japanese operator of McDonald’s Corporation (MCD) restaurants announced a price hike for the third time in less than a year marking a compounding inflationary pressure on the nation's consumers. McDonald's Holding Company Japan Ltd informed price raise on about 80% of its menu from...

McDonald’s Kazakh Franchisee Suspends Operations Amid Supply Issues – $MCD $DIA

As per reports, The Kazakh franchisee of U.S. fast food chain McDonald's (MCD) has suspended operation of all its restaurants from Nov 18 "due to restricted local supplies", the company, Food Solutions KZ informed. No details on the supply restrictions, and when its 24 outlets could reopen in the n...

McDonalds Reported Strong Quarterly Earnings As Restaurant Traffic Grew In U.S.A. – $MCD $DIA $ATOS $INVO

Reportedly, McDonald’s Corporation (MCD) Q3 earnings exceeded estimates as traffic to its U.S. restaurants grew. CEO, Chris Kempczinski informed there’s increasing uncertainty and unease about the economic environment. CFO Ian Borden told analysts that inflationary pressures and interest rate hi...

Disney’s Media & Entertainment Distribution Chairman Kareem Daniel Elected To McDonald’s Board – $MCD $DIS $DIA $INVO

As per reports, McDonald’s Corporation (MCD) announced the appointment of Kareem Daniel as an independent Director of the Board, effective October 1, 2022. Mr. Daniel currently serves as Chairman, of Disney Media and Entertainment Distribution at The Walt Disney Company, leading the organizatio...

McDonald’s Japan Menu To More Expensive Amid Higher Input Costs & Weaker Yen – $MCD $DIA $INVO

Reportedly, Japan's McDonald’s Corporation (MCD) fast food restaurants have raised prices on about 60% of its menu amid rising input costs and exchange-rate fluctuations. It marks the company's second set of price increases this year as Japan deals with inflationary pressures and a drop in the yen...

McDonald’s Increasing Support To The Chicago Community Impact Grants Program For Youth – $MCD $DIA $INVO

As per reports, McDonald’s Corporation (MCD) is set to invest in 40 Chicago-based nonprofit organizations addressing some of the city's most pressing needs for Opportunity Youth through its Chicago Community Impact Grants Program, developed in partnership with The Chicago Community Trust (the Trus...

McDonalds Appoints Jon Banner As Its Chief Impact Officer – $MCD $DIA $INVO

Reportedly, McDonald’s Corporation (MCD) has appointed Jon Banner as its new Executive Vice President and Global Chief Impact Officer, reporting directly to CEO, Chris Kempczinski and serving the company's Global Senior Leadership Team, effective September 6. Prior to joining the burger giant, J...

McDonalds In Talks To Reopen Restaurants In Ukraine – $MCD $DIA

As per reports, McDonald’s Corporation (MCD) to soon reopen its restaurants in Ukraine even as the conflict with Russia continues. However, the fast-food giant did not specify how many outlets it plans to reopen. Previously it had 109 restaurants in Ukraine. It plans to begin restaurant reopenings...

Brian Rice To Join As Executive VP & Global Chief Information Officer Of McDonald’s – $MCD $DIA

Reportedly, Brian Rice is joining McDonald's (MCD) as Executive Vice President and Global Chief Information Officer, effective August 31 reporting directly to CEO, Chris Kempczinski, and will serve on our Global Senior Leadership Team. Rice has diverse experience leading enterprise technology team...

McDonalds Schedules Quarterly Cash Dividend Payable September 16, 2022- $MCD $DIA

Reportedly, McDonald’s Corporation Board of Directors announced a quarterly cash dividend of $1.38 per share of common stock payable on September 16, 2022, to shareholders as of September 1, 2022. McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 loc...

McDonald’s Q2 Earnings Beat Estimates * Net Sales Hurt By Closure In Russian & Ukraine Restaurants – $MCD $DIA

McDonald’s Corporation (MCD) quarterly earnings exceeded estimates as price hikes helped offset higher costs and restaurant closures in Ukraine and Russia. Quarter Highlights: The burger giant reported adjusted earnings per share of $2.55 for the second quarter. Revenue stood at $5.72 billi...

Jill McDonald To Rejoin McDonalds Leading Its International Operations – $MCD $KO $DIA

Reportedly, Jill McDonald is set to return to McDonald’s Corporation (MCD) starting Sept. 5 as executive vice president and president of owned international markets, overseeing the company’s wholly owned international operations. She will step down as CEO of Coca-Cola-owned British coffeehouse c...

McDonald’s Announces Top Executive Changes – $MCD $DIA

As per reports, McDonald's Corp (MCD) has named company veteran and president of its international business, Ian Borden, as finance chief, succeeding incumbent Kevin Ozan, who is set to retire in mid-2023. With 30 years of association with the company, Borden will take charge on Sept. 1, while Ozan...

McDonald’s Adding Greater Clarity, Transparency, & Consistency Into FranchisingProcess – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) is building new rules for franchisees, including performance reviews every 20 years to bring "greater clarity, transparency, and consistency into our franchising process." Joe Erlinger, president of the Chicago-based burger giant announced the changes info...

McDonald’s & Adyen, A Global Fintech Platform To Continue Mobile App Partnership To The U.S – $DIA $MCD

Reportedly, McDonald's Corporation (MCD) is expanding its partnership with Adyen, the global financial technology platform for the expansion of mobile app partnership to the U.S.   "As consumer demand evolves, Adyen has responded to our needs in a rapidly changing market. Adyen has handled ...

Billionaire Investor Carl Icahn Ends Proxy Fight Over Kroger’s Pig Policy – $MCD $KR $DIA

As per reports, Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co. (KR) after losing a similar fight with McDonald's Corp last month.  "I congratulate the McDonald's team on their victory in this proxy engagement and, after much contem...

The New Russia McDonald’s Owner Sets To Reopen & Expand – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) Russia aims to reopen all restaurants in two months, its new owner Alexander Govor informed further adding his aim to expand to 1,000 locations from the 850 he took over last month. In May, McDonald's Corp sold the restaurants to Govor, one of its licensees...

McDonald’s Russian Franchisees May Opt To Continue Operations Under New Brand

Reportedly, McDonald’s Corporation (MCD) franchisees in Russia will have the option of working under a new brand that is likely to launch, informed Oleg Paroev, McDonald's Russia's general director. The McDonald's restaurants in Russia will be sold to Alexander Govor, who runs a franchise operati...

McDonalds Exiting Russian Market After 30 Years Of Service – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) is selling all of its restaurants in Russia, exiting the country after more than 30 years of presence following its invasion of Ukraine. McDonald's informed it was looking to sell all its restaurants in Russia to a local buyer, but will continue to retain t...

Higher Menu Prices Help Fuel McDonald’s Earnings Beat – $MCD $DIA

Fast Food giant, McDonald’s (MCD) quarterly sales beat estimates despite inflationary pressure on consumers, the war in Ukraine, and COVID-19 lockdowns in China, assisted by menu price hikes and the introduction of a new loyalty program. Global comparable sales increased 11.8%, above estimates for...

McDonald’s Raises Objection Over Icahn Demands On Sourcing Pigs – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) has raised concerns over Carl Icahn's demand for the burger chain to stop buying pork from suppliers that keep the animals in crates calling it expensive, and logistically unfeasible. Carl Icahn, who owns roughly $50,000 worth of McDonald's stock, is pressi...

McDonald’s To Incur Significant Losses Over Russian Store Closures – $MCD $DIA

As per reports, McDonald’s Corporation (MCD) informed that the temporary closure of its 847 stores in Russia will cost the fast-food chain about $50 million a month. A cascade of major American brands, including Starbucks Corp, PepsiCo Inc, and Coca-Cola Co, followed McDonald's to cease some or al...

Billionaire Activist Investor Carl Icahn Intensifying McDonald’s Fight Over Pork Sourcing

Reportedly, billionaire activist investor Carl Icahn has nominated two members to McDonald’s Corporation (MCD) board of directors for election during the company’s 2022 annual shareholder meeting in the fight over the treatment of pigs by the burger chain's suppliers. The other odd thing is that...

McDonald’s Profits Drop Amid Rising Costs & Slowing Sales in Australia & China – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) missed Wall Street estimates as a result of higher costs and slowed sales in its over 4,500 restaurants in Australia and China even thought they realized gains from growth in the United States in the fourth quarter. Operating costs increased 14% to $3.61 b...

McDonald’s To Pay Cash Dividend Payable On March 15 – $MCD $DIA

As per reports, the board of McDonald’s Corporation (MCD) declared a quarterly cash dividend of $1.38 per share of common stock to shareholders of record at the close of business on March 1, 2022, payable on March 15, 2022. McDonald’s Corporation (MCD) is the leading global foodservice retail...

McDonald’s Expands Testing Of McPlant In San Francisco Bay & Dallas-Fort Worth Areas – $MCD $BYND $DIA

Reportedly, McDonald’s Corporation (MCD) is expanding the test of its McPlant, a plant-based burger made by Beyond Meat Inc. (BYND), from Feb. 14 to ~600 locations in the San Francisco Bay and Dallas-Fort Worth areas. The McPlant U.S test began Nov. 3 in eight locations in Texas, Iowa, Louisiana, ...

McDonald’s Offers Low-Cost Short Term Loans To Boost Franchisees – $MCD

As per reports, McDonald's Corp (MCD) will be providing $250 million of low-cost, short-term loans over five years in the United States boosting diversity among its franchisees. The burger giant is also planning to increase its franchisee recruiting and development efforts globally to draw new opera...

U.S. District Judge Rejects Byron Allen’s $10B Discrimination Lawsuit Against McDonald’s

Reportedly, a U.S. judge has dismissed a $10 billion lawsuit against McDonald’s Corporation (MCD) by the media entrepreneur Byron Allen, who claimed the burger giant of racial discrimination for not advertising with Black-owned media outlets. U.S. District Judge Fernando Olguin in Los Angeles info...

McDonald’s Q4 Earnings Exceed – Higher Prices, New Menu Items – Orders Increase

McDonald’s Corporation (MCD) reported strong earnings, ahead of market estimates helped by higher prices, larger order sizes, and entry of new menu items. As pandemic-related restrictions eased and restaurants opened at full capacity, McDonald's has been gaining market share from competitors by in...

McDonalds Introducing The Plant-Based ‘McPlant Burger” In 8 U.S Outlets Starting Next Month – $MCD

Reportedly, McDonald’s Corporation (MCD) is set to start testing its plant-based McPlant burger in eight U.S. outlets from Nov. 3 for a limited time. The plant-based burger is developed in partnership with vegan meat maker Beyond Meat to develop meatless alternatives. The burger is already availab...

McDonald’s Preparing For Zero Emissions By 2050

Reportedly, McDonald’s Corporation (MCD) has set a new target to cut global greenhouse gas emissions to net-zero by 2050, the burger giant informed that it was working with the nonprofit Science Based Targets initiative (SBTi) to change its existing climate change targets. The burger giant now aim...

McDonald’s Returns With Its Iconic McRib!

Reportedly, McDonald’s Corporation (MCD) is bringing back its cult classic menu item, the McRib, which is a BBQ favorite, and is made of seasoned boneless pork, barbecue sauce, onions, and pickles on a bun, will be available on menus beginning November 1. The McRib has had a substantial following ...

Reduce Use Of Plastic In Happy Meal

McDonalds To Reduce Use Of Plastic In Happy Meal Children Toys

Reportedly, Fast food giant McDonald’s Corporation (MCD) is planning to reduce the use of plastic in more than 1 billion Happy Meal children's toys, it sells globally each year by the end of 2025. Toys will be made from plant-based or recycled plastics, allowing the company to reduce its use of vi...

McDonald closing indoors

McDonald’s In Talks To Close Indoor Seating As Delta Variant Cases Surge

Reportedly, McDonald’s Corporation (MCD) and some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the rapidly spreading Delta variant of COVID-19. Early 2020, McDonald's Corp had temporarily closed indoor dining at nearly all U.S. locations but...

Yank milkshakes British McDonald's Menu

Yikes!..Supply Chain Issues Yank Milkshakes From British McDonald’s Menu

As per reports, McDonald’s Corporation (MCD) has taken milkshakes and bottled drinks off the menu at all of its British restaurants as the burger giant is battling with the supply chain issues hitting businesses across the retail and hospitality sector.   "Like most retailers, we are curr...

McDonald’s Closer To The Goal Of Achieving All Paper Packaging From Sustainable Fiber

Reportedly, McDonald’s Corporation (MCD) informed that it has nearly achieved its goal of sourcing all of its paper food packaging in restaurants from the recycled or sustainable fiber. In its annual sustainability report, the fast-food giant informed that in 2020, 99.6% of the paper bags, food wr...

McDonald’s Q2 Earnings Beat Market Estimates

Reportedly, McDonald’s Corporation (MCD) released second-quarter earnings, beating market estimates as the fast-food giant’s February launched chicken sandwich and its “famous orders” promotion with K-pop group BTS, which includes an order of McNuggets and special sauces boosted U.S. same-st...

McDonald Introduces New Unit Focusing On Driving Growth Through Global App & New MyMcDonald’s Rewards Program

Reportedly, McDonald’s Corporation (MCD) is bringing its digital, data analytics, marketing, restaurant development, and operations segments into one unit, the fast-food giant is focusing on driving growth through its global app and new MyMcDonald's Rewards program. McDonald's Rewards was launche...

McDonald’s To Introduce Loyalty Program Across The United States Beginning In July

Reportedly, McDonald’s Corporation (MCD) will introduce its U.S. loyalty program across the country at participating restaurants starting on July 8. Late last year in a few markets, McDonald's' started testing its MyMcDonald's Rewards program, allowing subscribers on its app to earn points that t...

McDonald’s U.K. Supplies ‘Derailed’ Due To Protest By Vegan Activists

Reportedly, animal rights activists have blocked supplies of an approx of 1,300 U.K. restaurants operated by McDonald’s Corporation (MCD) in an attempt to convince the fast-food giant to include an entirely plant-based menu. Around 50 Animal Rebellion protesters have blocked all four of the compan...

McDonald’s Announces Quarterly Cash Dividend Payable On June 15

Reportedly, the board of McDonald’s Corporation (MCD) declared a quarterly cash dividend of $1.29 per share to common stockholders of record at the close of business on June 1, 2021. The dividend is payable on June 15, 2021. McDonald’s Corporation (MCD) is the leading global foodservice retaile...

McDonald’s Announce Increase In Hourly Wages By 10% For +660 U.S. Owned Restaurants

As per reports, McDonald’s Corporation (MCD) is looking to increase the hourly wages by an average of 10%, for more than 36,500 employees at more than 660 of its U.S. restaurants. The move comes as McDonald's employees are planning to strike across 15 cities on May 19 to demand higher wages. The ...

Highlights From McDonald’s Q1 Earnings

Fast-Food giant, McDonald’s Corporation (MCD) first-quarter net sales topped pre-pandemic levels, beating Wall Street estimates. The company reported adjusted earnings per share of $1.92 versus $1.81 expected. Fiscal first-quarter net income stood at $1.54 billion, or $2.05 per share, up from $1.1...

McDonald’s Introduces Mandatory Anti-Harassment Training To Combat Harassment & Discrimination At Its Restaurants

Reportedly, McDonald’s Corporation (MCD) is planning to make it's 2 million workers take anti-harassment training after the fast-food giant has been accused of series of workplace abuse claims. The new training comes in the light as the company tries to address allegations that it has ignored hara...

McDonald’s Announces Hiring Of 25k Staff In Texas This April

Reportedly, McDonald's Corp (MCD) plans to hire 25,000 people in its restaurants across Texas in April. The burger giant announced it will hire for crew and management positions in a three-day event starting April 13-15. The company runs about 14,000 restaurants in the United States and hires thousa...

McDonald’s Appoints Desiree Ralls-Morrison As General Counsel & Corporate Secretary

As per reports, McDonald’s Corporation (MCD) has appointed Desiree Ralls-Morrison as the company’s global legal operations and corporate governance. Starting office on April 26, 2021, Desiree will be based at the company's Chicago headquarters in the West Loop. Most recently, Ralls-Morrison serv...

McDonald’s To Not Lift Ban On Dining In Texas & Mississippi, Even After The States Lift Curbs

Reportedly, McDonald's Corp (MCD) will not lift dining bans for its McDonald’s Texas and Mississippi restaurants, even after the two U.S. states lifted coronavirus curbs easing businesses to operate at full capacity. The fast-food giant informed that it has no plans to make any changes to its Covi...

McDonald’s Moves To Include Diversity In Its Workforce – Set To Tie Executive Bonuses

Reportedly, McDonald’s (MCD) will be tying executive bonuses to new goals for diversifying the company and publicly releasing the demographic details of its workforce, for the first time. Under the new guidelines, McDonald's CEO Chris Kempczinski may lose 15% of his approximately $2.25 million an...

McDonald’s Earnings Disappoint, As Extended Lockdown Flattened Sales

McDonald’s Corporation (MCD) reported quarterly profit and revenue this week, much below market estimates as the second round of pandemic lockdowns were announced in parts of Europe, hurting the business and affecting the company’s sales growth in the U.S. market too. The burger giant informed t...

McDonald’s Board Declares Quarterly Cash Dividend Payable March 15, 2021

The Board of McDonald’s Corporation has declared a quarterly cash dividend of $1.29 per share of common stock payable to all shareholders at the close of business on March 1, 2021, and payable on March 15, 2021. McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly...

McDonald’s UK Holds Walk-In Takeaways Amid New Lockdown Restrictions

As per reports, McDonald’s (MCD), UK is putting its walk-in takeaway services on temporary hold as the country has imposed new lockdown restrictions following the rising cases of Coronavirus in the country. The burger giant also informed that the dine-in meals will be unavailable temporarily. Driv...

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