Burger King’s US same-store sales rose 8.5% in the latest quarter, driven by a revamped Whopper, restaurant upgrades, and a new marketing push. This growth outpaces McDonald’s US sales, which grew only 0.8%, prompting McDonald’s to hire a new US president to boost performance. Burger King also saw international sales growth of 5.4%, while McDonald’s faced challenges with its value menu rollout and franchisee pricing. McDonald’s expects to regain strong US sales growth by 2027 with operational improvements.
McDonald's reported a 4% revenue increase in Q2 but missed analyst expectations with U.S. comparable sales growth slowing to 0.80%, down from 2.50% last year. CEO Chris Kempczinski cited execution lapses and weaker promotions as reasons for the slowd...
McDonald's reported a slowdown in US comparable sales growth to 0.8% in the latest quarter, missing internal targets despite a 4% rise in global sales. The company attributed this to a strategic shift where it replaced popular digital deals with a ne...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
McDonald's reported weaker-than-expected US sales growth of 0.8% in Q2, below analyst estimates of 1.06%, citing poor execution of value promotions and reduced digital deals that led to fewer visits from loyal customers. CEO Chris Kempczinski acknowl...
McDonald's reported Q2 earnings per share of $3.32, meeting estimates and showing a 6% year-over-year increase, with net income rising 5% to $2.36 billion. Revenue grew 4% to $7.1 billion, in line with forecasts, though global comparable sales growth...
