Wednesday, December 18, 2013
McDonald’s Company Description
McDonald’s is one of the largest fast food chains in the world with over
34,900 restaurants located in 119 countries, and annual revenues of
$27.6 billion in 2012. The company divides its geographical segments
into four regions namely the US, Europe, APMEA (Asia Pacific, Middle
East and Africa) and Other Countries & Corporate (includes Canada,
Latin America and corporate activities). Europe is the largest segment
by revenues, while the US has the most number of locations with around
14,000. APMEA is the fastest growing segment with a revenues growing at a
compound annual growth rate of 13.8% in the last three years. 81% of
the company’s restaurants are franchised. Read More: MCD
Sunday, November 10, 2013
Is McDonald's Running Out of Ideas?
McDonald's (NYSE: MCD
) sells an impressive 600 million Big Mac sandwiches a year. Credit for
the invention of that hit product goes to one of the company's first
franchisees, Jim Delligatti, who in 1968 persuaded the chain to put his store's
sandwich into nationwide distribution.
But the beef-stacked burger might never have reached its
blockbuster status without the contribution of a 21-year-old secretary named
Esther Rose: She helped persuade management to drop the name "Blue Ribbon
Burger" in favor of the now-iconic "Big Mac." Suffering from a
"Blue Ribbon Burger" attack just doesn't have the same ring. Read more.
Friday, November 8, 2013
McDonald's Corporation : McDonald's October Same-Store Sales Up 0.5% on U.S., Europe
McDonald's Corp.'s (MCD) global same-store sales grew 0.5%
in October, with results in the U.S. and Europe offsetting weakness in Asia.
McDonald's, the world's largest fast-food company, last month predicted global
same-store sales for October to be relatively flat, despite what should have
been an easy comparison from a year ago, when the company reported its first
monthly same-store sales decline in nine years.
The company continues to struggle with a soft global economy
that has caused consumers to pull back on restaurant spending. McDonald's and
several of its rivals have tried to improve their results by focusing on
cheaper food options.The chain has looked to roll out a Dollar Menu & More
lineup in the U.S. that includes its standard dollar items as well as products
priced at $2 and $5. Some of its higher-priced products haven't sold well,
including the $4 Angus burgers the chain pulled from its menu recently. Read more.
McDonald’s Earnings Foreshadow More Weakening
McDonald's Corp. (MCD) reported third-quarter 2013 results
before markets opened Monday morning. The fast-food restaurant chain posted
diluted earnings per share (EPS) of $1.52 on revenues of $7.32 billion. In the
same period a year ago, the company reported EPS of $1.43 on revenues of $7.15
billion. Third-quarter results also compare to the Thomson Reuters consensus
estimates for EPS of $1.51 EPS and $7.34 billion in revenues.
Globally, same-store sales in the second quarter rose 0.9%
and consolidated net income rose 2%. Same-store sales rose 0.7% in the United
States, were up 0.2% in Europe and fell by 1.4% in Asia. Sequentially, U.S.
same-store sales were off by 0.1% and Asian sales were off by 1.1%. Europe grew
sales by 0.3%. Read more.
Thursday, November 7, 2013
Do You Still Want Fries With That Shake?
Lately it seems not a day goes by when some burger joint
isn't coming up with a new take on an old favorite, the lowly french fry.
Sonic (NASDAQ: SONC ) is the latest restaurant to rejigger its potato
side dish, rolling out a new natural-cut, skin-on fry made from russet potatoes.
Considering Burger King Worldwide (NYSE: BKW ) recently unveiled a new lower-calorie,
crinkle-cut "Satisfries" fry, Yum! Brands (NYSE: YUM ) designed a specially formulated container
for fries to fit in most car cup holders, and Wendy's (NASDAQ: WEN ) reformulated its fry offering a few years
ago, there seems to be a lot of attention being paid to this deep-fried snack. Read more.
Subscribe to:
Posts (Atom)