Recession finally hits McDonald's

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Offline Letsbereal

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McDonald’s Big Mac tracks inflation better than government CPI
« Reply #40 on: May 05, 2013, 03:58:04 PM »
McDonald’s Big Mac tracks inflation better than government CPI
30 April 2013
, by Stephen Otto (Economic Collapse News)
http://economiccollapsenews.com/2013/04/30/mcdonalds-big-mac-tracks-inflation-better-than-government-cpi/

It was recently reported by Economic Collapse News that the government is going to change how the Gross Domestic Product (GDP) is calculated because the numbers don’t reflect kindly on the efficacy of government stimulus programs. 

Another way the government likes to fudge the numbers is by changing the way the Consumer Price Index (CPI) is calculated so they can understate inflation.

In Peter Schiff’s latest commentary he uses the Big Mac Index to draw a comparison:

Since the late 1980’s, The Economist Magazine has compiled something called the “Big Mac Index,”(BMI) a global survey of the cost of McDonald’s signature hamburger.

Although the index is primarily used as a means to compare purchasing power parity around the globe, it also can be used to track the prices of Big Macs in the U.S. over many years.

From 1986 to 2003 the U.S. BMI rose roughly in line with the CPI.

Although the burger occasionally rose faster or slower, over that 17 year period both indexes increased by about 68% (or about 4% per year).

But from April 2003 to January 2013 the CPI Index is up just 25% (from 183.8 to 230.28 or about 2.5% per year) while the BMI is up 61% (from $2.71 to $4.37 or about 6.1% per year), or more than twice the official inflation rate.

Here’s the chart showing the comparison: http://economiccollapsenews.com/wp-content/uploads/2013/04/BMI-vs-CPI.jpg

So what accounts for the huge difference between the CPI and the BMI? 

Has the Big Mac changed in quality or size?  Or has the government just changed the yardstick by which inflation is calculated? 

Obama has also proposed using a chained Consumer Price Index for Social Security benefits which would understate inflation even further and lead to cuts to beneficiaries.

Peter Schiff has a new video blog about these changes and the proposed plan to stimulate the economy. 

Long story short: the Keynesians want more debt and spending by the government. 

Schiff explains why it won’t work and will actually make things worse: http://www.youtube.com/watch?v=tGCix7w9hNE
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Offline Letsbereal

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McDonald’s April Store Sales Drop 0.6% on Asia Slowdown
« Reply #41 on: May 08, 2013, 01:53:47 PM »
McDonald’s April Store Sales Drop 0.6% on Asia Slowdown
8 May 2013
, by Leslie Patton (Bloomberg)
http://www.bloomberg.com/news/2013-05-08/mcdonald-s-april-store-sales-drop-0-6-on-asia-slowdown.html

McDonald’s Corp. (MCD), the world’s biggest restaurant chain, said sales at stores open at least 13 months fell 0.6% last month as growth slowed in its Asia-Pacific region.

Analysts estimated a 0.5% drop, the average of 11 estimates from Consensus Metrix.

Sales at stores in the company’s Asia-Pacific, Middle East and Africa unit fell 2.9%, the Oak Brook, Illinois-based company said today in a statement. Analysts projected a 1.4% decline.

Restaurant chains have been facing increasing consumer scrutiny in China following an outbreak of bird flu and also after a former poultry supplier to Yum! Brands Inc. (YUM) was investigated for selling chicken with excessive levels of antibiotics.

McDonald’s has sought to compete with Yum’s KFC and Pizza Hut chains in China by adding stores and new menu items.

In Asia, April’s sales decline was due to the avian flu in China and “softer results” in Japan and Australia, McDonald’s said in the statement.

McDonald’s fell 0.2% to $102.08 at 9:36 a.m. in New York.

The shares advanced 16% this year through yesterday, compared with a 14% gain for the Standard & Poor’s 500 Restaurants Index.

The Big Mac seller is facing a “persistently challenging macro environment” as it begins the second quarter, Chief Executive Officer Don Thompson said in the statement.

U.S., Europe

Sales increased 0.7% in the U.S. and fell 2.4% in Europe last month.

Analysts projected drops of about 0.1% and 1%, respectively, according to Consensus Metrix, a researcher owned by Kaul Advisory Group in Wayne, New Jersey.

McDonald’s surprise gain in the U.S., a turnaround from the prior month, was fueled by the introduction of chicken McWraps, value items and breakfast, the company said in the statement.

March comparable-store sales declined 1.2% at McDonald’s domestic restaurants.

The chain, with about 14,100 U.S. locations, has been rolling out new menu items, including the McWraps and also egg- white sandwiches to lure customers from competitors.

This year, Burger King Worldwide Inc. (BKW) has introduced veggie and turkey burgers, while Wendy’s Co. is selling grilled-chicken flatbread sandwiches.

Avian Flu

McDonald’s April sales were hurt by sensitivity around the chicken industry in China.

Yum, which has more than 5,400 restaurants in China, said its first-quarter same-store sales tumbled 20% after a former poultry supplier was investigated for selling chicken with too much antibiotics.

More recently, China is facing a deadly outbreak of avian flu, which is also negatively affecting KFC sales.

Same-store sales at McDonald’s locations in Japan dropped 3.7% in April, the 13th straight monthly decline.

Comparable, or same-store, sales are an indicator of a company’s growth because they include only older restaurants.

McDonald’s has about 34,500 restaurants worldwide, of which 81% are franchised.
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Offline Letsbereal

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McDonalds Hikes Japanese Burger Prices And Sales Slide; Now It's India's Turn
8 May 2013
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2013-05-08/mcdonalds-hikes-japanese-burger-prices-and-sales-slide-now-its-indias-turn
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Offline Letsbereal

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McDonalds Tells Workers To Budget By Getting A Second Job And Turning Off Their Heat
15 July 2013
, by Annie-Rose Strasser (Think Progress)
http://thinkprogress.org/economy/2013/07/15/2300321/mcdonalds-buget-low-wage/

McDonalds has partnered with Visa to launch a website to help its low-wage workers making an average $8.25 an hour to budget.

But while the site is clearly meant to illustrate that McDonalds workers should be able to live on their meager wages, it actually underscores exactly how hard it is for a low-paid fast food worker to get by.

The site includes a sample “budget journal” for McDonalds’ employees that offers a laughably inaccurate view of what it’s like to budget on a minimum wage job.

Not only does the budget leave a spot open for “second job,” it also gives wholly unreasonable estimates for employees’ costs: $20 a month for health care, $0 for heating, and $600 a month for rent.

It does not include any budgeted money for food or clothing.



Basically every facet of this budget is unachievable. For an uninsured person to independently buy health care, he or she must shell out on average $215 a month — just for an individual plan.

While some full-time McDonald’s workers do qualify for the company’s $14 a week health plan, that offer caps coverage at $10,000 a year and is often insufficient.

If that person wants to eat, “moderate” spending will run them $32 a week for themselves, and $867 a month to feed a family of four.

And if a fast food worker is living in a city? Well, New York City rents just reached an average of $3,000 a month.

The sample budget is also available in Spanish.

On another section of the site, it concludes, “You can have almost anything you want as long as you plan ahead and save for it.”

Neither McDonalds nor Visa returned requests for comment by the time of publication.

Last year, Bloomberg News found that it would take the average McDonalds employee one million hours of work to earn as much money as the company’s CEO.

This immense wage disparity in the fast food industry has sparked a series of protests and walk-outs by low-wage workers working at fast food chains around the country — in New York, Chicago, Washington, and Seattle, to name a few cities, workers from chains including KFC, McDonalds, Burger King, and Taco Bell have spoken publicly about the need for serious wage increases across the industry.

Update

A McDonalds spokesperson provided this statement to ThinkProgress:

    “In an effort to provide free, comprehensive money management tools, McDonald’s first used the Wealth Watchers International budgeting journal when this financial literacy program launched in 2008.

    As part of this program, several resources were developed including a sample budgeting guide, an instructional video and a web resource center that had additional tools and information.

    The samples that are on this site are generic examples and are intended to help provide a general outline of what an individual budget may look like.”

Update

By Tuesday, it appears that McDonalds has quietly gone in and changed its sample budget slightly. It now includes $50 spending on heat — money taken from the monthly spending.

http://www.practicalmoneyskills.com/mcdonalds/documents/McD_Journal2.pdf
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Offline Geolibertarian

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Quote
McDonalds Tells Workers To Budget By Getting A Second Job

Blame-the-victim-firsters love to tell low-wage, rent-gouged service workers the same exact thing.

The compassion that consistently inspires such advice is, of course, very touching. The stuff Hallmark cards are made of.  *wipes tear from eye*

There's just one tiny little problem:

Thanks to both an anti-Georgist tax system and anti-Georgist monetary system, there aren't nearly enough jobs to go around (reactionary propaganda to the contrary notwithstanding):

     http://www.epi.org/types/economic-indicators/jolts-picture/
"Abolish all taxation save that upon land values." -- Henry George

"If our nation can issue a dollar bond, it can issue a dollar bill." -- Thomas Edison

http://schalkenbach.org
http://www.monetary.org
http://forum.prisonplanet.com/index.php?topic=203330.0

Offline Letsbereal

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McDonald’s helpline suggests employee apply for food stamps
« Reply #45 on: October 25, 2013, 03:14:40 PM »
McDonald’s helpline suggests employee apply for food stamps
24 October 2013
, by Tom Bemis (MarketWatch - Blogs)
http://blogs.marketwatch.com/themargin/2013/10/24/mcdonalds-helpline-suggests-employee-apply-for-food-stamps/

McResources “Help” Line http://www.youtube.com/watch?v=olUsgn-Ubh0
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Offline One Revelator

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Re: McDonald’s helpline suggests employee apply for food stamps
« Reply #46 on: October 25, 2013, 03:45:05 PM »
The number one cause of all human poverty, misery, and death is not global warming. It’s GLOBAL LYING.

Offline Letsbereal

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Re: McDonald’s helpline suggests employee apply for food stamps
« Reply #47 on: October 25, 2013, 10:06:57 PM »
Why so serious? ROFL!!!

"Why so gloomy?" Mark Rutte Prime Minister of The Netherlands said to a reporter

http://en.wikipedia.org/wiki/Mark_Rutte

You donnow who BoZO The CLOWN is? ;) http://www.youtube.com/watch?v=esJl7MZoVww


Rutte The Clown Visiting Texas



http://dc.the-netherlands.org/news/2013/07/texas-visit.html

http://www.government.nl/news/2013/07/02/joint-dutch-flemish-economic-mission-to-texas.html
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Offline Letsbereal

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McDonald’s Japan Shuts 74 Outlets While Cutting Net Forecast
« Reply #48 on: December 19, 2013, 01:49:29 PM »
McDonald’s Japan Shuts 74 Outlets While Cutting Net Forecast
19 December 2013
, by Anna Mukai (Bloomberg)
http://www.bloomberg.com/news/print/2013-12-19/mcdonald-s-japan-shuts-74-outlets-cuts-full-year-profit-outlook.html

McDonald’s Japan business plans to close 74 outlets in the country as the fast-food operator cut its full-year profit forecast by more than half in its second-largest market.

Net income will probably be 5 billion yen ($48 million) in the year ending December, 57% lower than its previous forecast, McDonald’s Holdings Co. Japan Ltd. said in a statement to Tokyo’s stock exchange yesterday.

That compares with an average estimate of 9.53 billion yen from three analysts compiled by Bloomberg.

The company had 3,170 outlets in Japan as of the end of October.

The earnings shortfall came after sales fell for five straight months through November in the world’s third-largest economy, said McDonald’s Japan, about 50% owned by the Oak Brook, Illinois-based McDonald’s.

“The number of customers during the first quarter was ‘‘well below the company’s expectations,’’ McDonald’s Japan said yesterday, citing investment costs to improve customer numbers as well as costs on store closures for the change in forecast.

The restaurant chain has also cut its forecast for operating profit by 43% to 11.5 billion yen and it will book costs associate with the closures in this year’s earnings, it said.

McDonald’s Japan shares fell 1% to close at 2,771 yen in Tokyo trading before the announcement.

The stock has gained 21% this year, under-performing the 47% gain in the broader Topix index.
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Offline Letsbereal

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McDonald’s reports flat quarterly earnings
« Reply #49 on: January 23, 2014, 04:27:00 PM »
McDonald’s reports flat quarterly earnings
23 January 2014
, by Ben Fox Rubin - New York (MarketWatch)
http://www.marketwatch.com/story/mcdonalds-reports-flat-quarterly-earnings-2014-01-23

McDonald’s said its fourth-quarter profit was nearly flat, as the fast-food giant’s global same-restaurant sales edged down 0.1% and expenses rose.

McDonald’s reported a profit of $1.397 billion, up from $1.396 billion a year earlier. Per-share earnings rose to $1.40 from $1.38, due in part to fewer shares outstanding in the latest period. Revenue grew 2% to $7.09 billion.

Analysts polled by Thomson Reuters forecast earnings of $1.39 a share on revenue of $7.11 billion.

For over a year, McDonald’s has struggled to address external and internal challenges that have weakened its business.

The soft global economy has caused consumers to rein in restaurant spending, and the chain has made some mistakes in how it has addressed that uncertainty.

For example, McDonald’s limited-time promotion of chicken wings was priced at $1 per wing, well above some competitors’ prices.

Chief Executive Don Thompson on Thursday called 2013 “a challenging year.”

Previously, Mr. Thompson said the chain noticed a “bifurcation” of customers, with lower-income customers struggling to afford restaurant meals, while higher-income people are willing to spend more for food.

He has said McDonald’s is trying to strike the right balance between the two.
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Offline Letsbereal

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McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #50 on: March 10, 2014, 10:03:02 AM »
The 99 Cent Non-Recovery: McDonalds US Sales Post Longest Negative Streak In Over A Decade
10 March 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-03-10/99-cent-non-recovery-mcdonalds-us-sales-post-longest-negative-streak-over-decade

Moments ago McDonalds reported its latest monthly comp store sales numbers.

Printing at -1.4% for the US, this was a nearly double miss to expectations of a 0.6% decline, and was the 4th consecutive monthly drop in annual sales

- the longest such stretch in the past decade and likely longer
.

Looking at this data, there are two observations:

I) Americans, courtesy of record obesity rates, are finally getting serious about their health, and have shunned the infamous 99 cent deep fried meals or

II) courtesy of the Fed's "Fed's recovery", the average American can no longer even afford sub-$1 deep fast food.



There is a third option: that it snowed...

In fact it snowed so much, everywhere, and the weather was so harsh around the world, that global store sales declined by 0.3%, far below the modest 0.1% drop expected.

Yup. Must have been the snow.

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Offline jofortruth

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Re: McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #51 on: March 10, 2014, 10:18:27 AM »
The same is going to happen to every business who sells CRAP DISGUISED AS FOOD! The public is awake and is not going to tolerate businesses putting MONEY AND PROFITS AHEAD OF HEALTH!

Business is going to have to change the way they do business or they are going to be out of business!




Don't believe me. Look it up yourself!

The Great Deception - Forum/Library - My Research
http://z4.invisionfree.com/The_Great_Deception/index.php?showforum=110

Offline Letsbereal

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Re: McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #52 on: March 11, 2014, 06:20:08 AM »
McDonald’s Sales Hurt by Fourth-Straight U.S. Drop
10 March 2014
, by Leslie Patton (Bloomberg)
http://www.bloomberg.com/news/print/2014-03-10/mcdonald-s-february-sales-drop-as-u-s-slumps.html
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Offline jerryweaver

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Re: McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #53 on: March 11, 2014, 07:08:28 AM »
http://forum.prisonplanet.com/index.php?topic=256444.msg1464046#msg1464046

Went to friends house for dinner party last weekend and they were talking about the Human DNA found in the McDeath burgers.

http://www.dailymail.co.uk/news/article-1389142/British-royalty-dined-human-flesh-dont-worry-300-years-ago.html

Apparently Our species has a long history of eating each other when society is going down hill. 

Is that the reason for the food adulteration?   


Offline jerryweaver

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Re: McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #54 on: March 12, 2014, 07:18:20 AM »
McDeath burgers are getting the curious regarding breaking the taboo of cannibalism and the news that it made hamburgers from people is only helping sales of stocks. 

Today’s big gainer among the Dow stocks was McDonald’s Corp. (NYSE: MCD). The company’s CFO indicated that the fast-food giant may seek more ways to cut costs and even borrow cash to boost returns to investors. The company’s shares traded up 3.53% at $98.56 in a 52-week range of $92.22 to $103.70 just ahead of the closing bell. Volume is on track to be more than 3-times higher than the daily average of nearly 5 million shares traded.

http://247wallst.com/investing/2014/03/11/the-4-stocks-that-dominated-the-market-on-tuesday-7/#ixzz2vkKNdpNe
http://www.freestockcharts.com/?Symbol=MCD&source=TickerWidget

Offline Letsbereal

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Re: McDonalds US Sales Post Longest Negative Streak In Over A Decade
« Reply #55 on: April 22, 2014, 06:44:05 PM »
McDonalds Misses Revenue, Earnings Estimates: Blames Weather
22 April 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-04-22/mcdonalds-misses-sales-eps-estimates-blames-weather

Another company which relies on the viability of the global consumer for its profits reports, and sure enough another company that misses: namely McDonalds.  

Moments ago the fast-food giant reported Q1 revenues of $6.70 billion, missing expectations of $6.72 billion (pushing the number of companies that have missed revenue estimates this earnings season once again into the majority), and also missing EPS estimates of $1.24, printing at $1.21, which however will not be a surprise to those who have been following our reporting on MCD's same store sales growth, or lack thereof, in the US.

But while the collapse of the US consumer is well-known, and will hardly be an embarrassment for McDonalds management to reveal its exposure to it, what does the CEO blame the miss on?

Why the weather of course.

From the release:

First Quarter results included:

- Global comparable sales increase of 0.5% reflecting higher average check, as well as negative guest traffic in the U.S. and Asia/Pacific, Middle East and Africa (APMEA)

- Consolidated revenues increase of 1% (3% in constant currencies)

- Consolidated operating income decrease of 1% (1% increase in constant currencies)

- Diluted earnings per share of $1.21, decrease of 4% (2% in constant currencies)

- Returned $1.2 billion to shareholders through dividends and share repurchases


In the U.S., comparable sales decreased 1.7% in the first quarter, and operating income declined 3%.

Top-line results for the quarter reflected negative comparable guest traffic amid challenging industry dynamics and severe winter weather.

Looking ahead, the U.S. remains focused on improving the restaurant experience through a continued commitment to operations and service excellence, customer engagement and menu choice to drive sales and profitability.


And a rather botched attempt at geopolitics:

During the first quarter, Europe grew comparable sales 1.4%, and operating income by 6% (4% in constant currencies).

Positive sales performance in the U.K., France and Russia was partially offset by ongoing weakness in Germany.

Across Europe, a combination of unique limited-time food events, premium offerings and everyday affordable pricing contributed to positive performance.


Uhm, strong Russia and weak Germany? Is the snow to blame for that too?

Regardless, how ironic is it that while MCD is bitching about snow in the winter, its own 2006 spin off, and the company that just keeps reporting soaring same store sales - yes, even during the harsh winter weather - Chipotle, said weather had zero impact on its own sales.

Oh yes, that's right, because when it comes to excuses, anything will do, and the more companies that use the same excuse, the better.

Apparently, the thinking goes, if everyone lies about the reason for their profit weakness with the same lie, it will make that lie more credible.


Joseph Goebbels: “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Joseph Goebbels: “The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous.”
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Offline Letsbereal

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McDonald’s taps former executive to turn around U.S. sales
22 August 2014
, by Michael Calia (MarketWatch)
http://www.marketwatch.com/story/mcdonalds-taps-former-executive-to-turn-around-us-sales-2014-08-22/print

McDonald’s Corp. named Mike Andres the new president of its U.S. operations, turning to a familiar face to help it rebound from recent struggles in the fast-food chain’s core market.

Jeff Stratton, the current president, is retiring at age 58 after 41 years with the company and two years as its U.S. head. Andres is due to take over Oct. 15, when Stratton retires.

The move comes as the company tries to turn around its sluggish sales performance in the U.S. For July,

McDonald’s reported the ninth-straight month of negative or flat same-store sales growth in the U.S.--the company’s longest stretch without growth in its core market since 2003.

The company said Andres “drove strong results in comparable sales, guest counts and income” in his 2010-2012 tenure as head of its central division in the U.S. Prior to that, he acted as chief executive and president of Boston Market from 2001 until 2007 when the chain was a McDonald’s subsidiary.

“Mike brings a wealth of knowledge of McDonald’s and has built strong relationships across the system, as well as broader experience in the informal eating out industry,” McDonald’s Chief Executive Don Thompson said.

Andres, who most recently worked as CEO of Logan’s Roadhouse Inc., will also oversee the McDonald’s Canadian market.
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Offline Letsbereal

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McDonald’s Monthly Sales Slump Worst Since 2003
« Reply #57 on: September 09, 2014, 09:39:59 PM »
McDonald’s Monthly Sales Slump Worst Since 2003
9 September 2014
, by Leslie Patton (Bloomberg)
http://www.bloomberg.com/news/print/2014-09-09/mcdonald-s-august-sales-slump-as-u-s-declines-for-fourth-month.html

Excerpt:

McDonald’s Corp. (MCD), the world’s largest restaurant chain, posted the worst same-store sales decline in more than a decade, hurt by sluggish demand in the U.S. and a health scare involving a Chinese supplier.

Sales at stores open at least 13 months fell 3.7% in August, the Oak Brook, Illinois-based company said in a statement today.

Analysts estimated a 3.1% drop. McDonald’s also said that supplier problems in China will reduce third-quarter earnings per share by 15 cents to 20 cents.

McDonald’s, which has more than 14,200 U.S. locations, is facing challenges at home and abroad.

Domestically, it’s been relying on discounts, limited-time offers and remodeled stores in a failed attempt to reignite growth.

In China, meanwhile, the company’s meat supplier OSI Group LLC was investigated for changing the expiration dates on food, triggering shortages and a sales slump.

“There isn’t a lot of good news here,” Peter Saleh, a New York-based analyst at Telsey Advisory Group, said in an interview.

“China is going to be under pressure for a while; their traffic is down in the U.S.”

The shares declined 1.5% to $91.09 at the close in New York.

The Big Mac seller has slumped 6.1% this year, while the Standard & Poor’s 500 Restaurants Index lost 2.4%.

U.S. same-store sales dropped for the fourth straight month in August, falling 2.8%.

Analysts projected a 2% decrease, the average of projections from Consensus Metrix.

Weak sales may pressure U.S. margin in the third quarter, the company also said today.
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Offline Letsbereal

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McDonald’s profit fell 30% in the three months ended Sept. 30
« Reply #58 on: October 28, 2014, 03:25:34 PM »
McDonald’s May Turn Up on Activists' Menus: Real M&A
28 October 2014
, by Tara Lachapelle (Bloomberg)
http://www.bloomberg.com/news/print/2014-10-27/mcdonald-s-may-turn-up-on-activist-s-menus-real-m-a.html

Excerpt:

McDonald’s profit fell 30% in the three months ended Sept. 30.

U.S. same-store sales slumped for a fourth straight quarter and the decline was worse than analysts were expecting.

The stock has fallen 5.2% this year, as the Bloomberg Intelligence index of North American quick-service restaurants climbed 19%.

If McDonald’s shares end the year at a loss, it will be only the second time in the past decade and the sixth annual decrease since 1980, according to data compiled by Bloomberg.
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Offline Letsbereal

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A Historic Anniversary For McDonalds: 12 Months Without An Increase In US Sales
« Reply #59 on: November 10, 2014, 09:33:46 AM »
A Historic Anniversary For McDonalds: 12 Months Without An Increase In US Sales
10 November 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-11-10/historic-anniversary-mcdonalds-12-months-without-increase-us-sales
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Offline Letsbereal

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McDonalds Implodes, Reports Worst US Sales In Over A Decade
« Reply #60 on: December 08, 2014, 10:23:24 AM »
McDonalds Implodes, Reports Worst US Sales In Over A Decade
8 December 2014
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2014-12-08/mcdonalds-implodes-reports-worst-us-sales-over-decade

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Offline Geolibertarian

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Re: McDonalds Implodes, Reports Worst US Sales In Over A Decade
« Reply #61 on: December 08, 2014, 10:44:49 AM »
It's called consumer awareness.

Serves that corporation right for continuing to serve crap even after being exposed years ago for doing so.

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Offline Letsbereal

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McDonald's Nov. sales fall more than expected
« Reply #62 on: December 09, 2014, 11:31:42 AM »
McDonald's Nov. sales fall more than expected
8 December 2014
, by Chelsey Dulaney (MarketWatch)
http://www.marketwatch.com/story/mcdonalds-nov-sales-fall-more-than-expected-2014-12-08

McDonald's Corp. posted sharper-than-expected sales declines at all of its divisions in November, as the fast-food giant struggles to combat competition and a host of issues across its business.

Global sales fell 2.2% in November, excluding newly opened stores, while analysts had expected a 1.7% decline, according to Consensus Metrix.

November's drop-off followed a smaller-than-expected 0.5% slide in October.

McDonald's also said it expects a summer meat-supplier issue in China and currency fluctuations to bring down its fourth-quarter results.

McDonald's sharpest sales decline in November came at its U.S. division, where sales fell 4.6% last month, far worse than the 1.9% drop in sales analysts had projected.

That topped September's 4.1% sales slide in what was then the company's biggest monthly drop since early 2003.

Shares fell nearly 3% premarket.

An increasingly complicated menu has slowed service in the U.S. as McDonald's once-reliable base of younger customers have also defected to fast-casual chains boasting customized ordering and fresh ingredients, including Chipotle Mexican Grill Inc., and specialty-burger chains such as Five Guys.

McDonald's has said it is planning "fundamental changes to its business" to combat its recent weak performance, seeking to eliminate layers of management and creating a new organizational structure in the U.S. as it works to better respond to consumer tastes.

The company added it is working to enhance its marketing and simplify its menu to restore momentum in the division.

In the company's Asia/Pacific, Middle East and Africa region, sales at existing locations fell 4%, missing the 3.8% drop analysts were expecting.

McDonald's performance in the region appears to be improving somewhat after one of its meat suppliers was accused of intentionally selling expired meat to restaurants in July.

The scandal shook consumer confidence and has driven down sales in recent months.

November's decline was a slight improvement over October's 4.2% sales decline in the region.

In Europe, broader economic softness has been compounded by political complications in Russia, where authorities have been inspecting and shutting McDonald's restaurants--moves widely seen as retaliation for U.S. sanctions in response to Russia's military incursion in Ukraine.

Sales fell 2% in the division in November as "very weak results" in Russia offset strength in the U.K.. Analysts had projected a 1.9% decline in the region.

McDonald's projected the supplier issue in China would dent its fourth-quarter earnings by seven to 10 cent a shares, while the strengthening of the U.S. dollar against foreign currencies is expected to bring down results by seven to nine cents a share.

Analysts polled by Thomson Reuters recently expected per-share earnings to fall 9% to $1.27 a share. Revenue, meanwhile, is expected to fall 3% to $6.85 billion.
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Offline jerryweaver

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Monsanto Stock Downgraded After Worst Growth in 7 Years
« Reply #63 on: December 10, 2014, 01:27:56 PM »
http://www.realfarmacy.com/massive-win-monsanto-stock-downgraded-worst-growth-7-years/

Massive Win: Monsanto Stock Downgraded After Worst Growth in 7 Years


This may be the most depressing news in seven years for Monsanto, but great news for the seed industry, which has been monopolized by the chemical peddler since the early 1990s. The target price for (MON +0.1%) has been lowered from $140 to $127. Conditions affecting the downgrade include “greater discounting, reduced trait purchases, reduced spending on seeds, and share gains for non-major seeds brands” – with hardly a mention of the grass-roots, and international efforts of people to shine a light on Monsanto’s illegal influence on the world seed market.

“We are downgrading Monsanto from Buy to Neutral, due to the findings from our seventh Annual Seed Dealer Survey, which came back the most negative for the seed industry in the history of the survey,” Chris Shaw of Monness Crespi Hardt wrote. “The unprecedented results of this year’s survey has led us to be more cautious on Monsanto’s outlook for the current seed selling season.”

Offline larsonstdoc

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Re: McDonalds Implodes, Reports Worst US Sales In Over A Decade
« Reply #64 on: December 17, 2014, 11:15:28 AM »


  ^^^^^
  People are finally waking up to the Crap of McDonalds.  It took about 50 years.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline Letsbereal

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McDonald's to cut 63 headquarters jobs in cost reduction
« Reply #65 on: January 09, 2015, 05:07:56 AM »
McDonald's to cut 63 headquarters jobs in cost reduction
8 January 2015
, (Reuters)
http://www.reuters.com/article/2015/01/08/us-mcdonalds-layoffs-idUSKBN0KH1Z420150108

McDonald's Corp will cut 63 jobs at its corporate headquarters as part of a plan to reduce costs by $100 million as it looks to increase sales and reverse traffic declines in its major markets.

The layoffs, reported to the state of Illinois under the federal Worker Adjustment and Retraining Notification Act, will be effective Feb. 16, said Heidi Barker, a McDonald's spokeswoman, on Thursday.

McDonald's plans to "redirect nearly $100 million in savings toward business priorities, such as digital and new restaurant platforms, that will support our key growth drivers," Barker said in a statement on McDonald's website.

The world's biggest fast-food chain by revenue has not reported a gain in monthly sales at established U.S. restaurants since October 2013.

Later this month, it is expected to report that 2014 was one of its worst performance years in history.

McDonald's employs roughly 1,700 workers at its headquarters in Oak Brook, Illinois, a Chicago suburb.
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Offline Letsbereal

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McDonald’s Japan Sales Dip Lacking Fries in Port Slowdown
9 January 2015
, by Monami Yui (Bloomberg)
http://www.bloomberg.com/news/print/2015-01-09/mcdonald-s-japan-sales-dip-lacking-fries-in-port-slowdown.html

McDonald’s Corp.’s Japan business reported same-store sales plunged 21% in December, the 11th straight month of declines after the chain was forced to ration french fries as a labor dispute at U.S. ports crimped supplies of potatoes.
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Offline larsonstdoc

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  You'd think that McDonalds could overcome this problem with the french fry shortage.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline Letsbereal

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McDonald's Posted A Worse-Than-Expected 21% Drop In December Earnings
« Reply #68 on: January 24, 2015, 12:47:14 PM »
McDonald's profit, revenue fall below forecasts
23 January 2015
, by Chelsey Dulaney (MarketWatch)
http://www.marketwatch.com/story/mcdonalds-profit-revenue-fall-below-forecasts-2015-01-23

McDonald's on Friday posted a worse-than-expected 21% drop in earnings its December quarter, rounding out a dismal year for the fast-food chain that prompted core changes to its business.
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Offline Letsbereal

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McDonald's says rough ride to continue into 2015
« Reply #69 on: January 27, 2015, 11:01:47 PM »
McDonald's says rough ride to continue into 2015
23 January 2015
, by Lisa Baertlein and Yashaswini Swamynathan (Reuters)
http://www.reuters.com/article/2015/01/23/us-mcdonalds-results-idUSKBN0KW1HG20150123
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Offline Letsbereal

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McDonalds CEO Retires Following Horrible Year: New Boss Seen Here Wearing At Least 37 Pieces Of Flair
28 January 2015
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2015-01-28/mcdonalds-ceo-retires-following-horrible-year




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Offline decemberfellow

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Maybe if they cooked served and delivered real food  there would be a difference.  We know their happy meals can sit for a couple years and not get mold.  They may be finding out that there fake burgers will be around longer then them.
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Offline Letsbereal

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It’s Official, McDonald’s and Monsanto Are Both ‘Losing Money Fast’
« Reply #72 on: February 22, 2015, 01:17:40 PM »
It’s Official, McDonald’s and Monsanto Are Both ‘Losing Money Fast’
22 February 2015
, by Anthony Gucciardi (Infowars)
http://www.infowars.com/its-official-mcdonalds-and-monsanto-are-both-losing-money-fast/
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Online TahoeBlue

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Re: It’s Official, McDonald’s and Monsanto Are Both ‘Losing Money Fast’
« Reply #73 on: February 22, 2015, 02:45:52 PM »
they don't care ...
Behold, happy is the man whom God correcteth: therefore despise not thou the chastening of the Almighty: For he maketh sore, and bindeth up: he woundeth, and his hands make whole ; He shall deliver thee in six troubles: yea, in seven there shall no evil touch thee. - Job 5

Offline larsonstdoc

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Re: It’s Official, McDonald’s and Monsanto Are Both ‘Losing Money Fast’
« Reply #74 on: February 23, 2015, 11:22:46 AM »


  A couple of reasons---a lack of REAL food (McDonalds) and poisoning food (Monsanto).
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Offline Letsbereal

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McDonalds Reports 12th Consecutive Month Of Declining Global Sales
« Reply #75 on: March 09, 2015, 07:15:01 PM »
McDonalds Stock Slides After Fast-Food Chain Reports 9th Consecutive Month Of Declining Global Sales
9 March 2015
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2015-03-09/mcdonalds-stock-slides-after-fast-food-chain-reports-9th-consecutive-month-declining

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Offline Letsbereal

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McDonald's U.S. Feb same-store sales down 4%
« Reply #76 on: March 10, 2015, 10:47:23 PM »
McDonald's U.S. Feb same-store sales down 4%
9 March 2015
, by Annie Gasparro (MarketWatch)
http://www.marketwatch.com/story/mcdonalds-us-feb-same-store-sales-down-4-2015-03-09-124854212

McDonald's key sales measure for its U.S. restaurants plunged last month, underlining the challenge for new Chief Executive Steve Easterbrook in turning around the world's largest fast-food chain.


McDonald’s Posts Sales Decline as New CEO Takes Helm
9 March 2015
, by Craig Giammona (Bloomberg)
http://www.bloomberg.com/news/articles/2015-03-09/mcdonald-s-u-s-sales-declined-more-than-projected-in-february

Steve Easterbrook, the man charged with pulling McDonald’s out of its worst sales slump in more than a decade, is now seeing what he’s up against.
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Offline larsonstdoc

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Re: McDonalds Reports 9th Consecutive Month Of Declining Global Sales
« Reply #77 on: March 10, 2015, 10:55:54 PM »


  Besides having bad food, Americans have more money to buy better food when they eat out---because of the cheaper gasoline.
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline Letsbereal

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Re: McDonalds Reports 9th Consecutive Month Of Declining Global Sales
« Reply #78 on: March 10, 2015, 11:07:55 PM »

  Besides having bad food, Americans have more money to buy better food when they eat out---because of the cheaper gasoline.

I am always interested in McDonalds because it was the first 'America feel' in the Netherlands when I was young.

Still remember the first McDonalds in Amsterdam when my ideal birthday party was going to the cinema and eating hamburgers at McDonalds.

But those days are long gone and indeed much better food is available in other places for the same money or just a little more. McDonalds doesn't feel as cheap as it used to.

McDonald’s Gets More Expensive, Turning Off Some Diners
20 October 2014
, by Leslie Patton (Bloomberg)
http://www.bloomberg.com/news/articles/2014-10-20/mcdonald-s-costly-burgers-send-diners-to-fancier-rivals

Why McDonald's Turnaround Plan Isn't Working - The clock is ticking for the fast-food giant to get in shape as competition intensifies
9 March 2015
, by Venessa Wong (Bloomberg)
http://www.bloomberg.com/news/articles/2015-03-09/why-mcdonald-s-turnaround-plan-isn-t-working
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Offline windyacres

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Re: McDonalds Reports 9th Consecutive Month Of Declining Global Sales
« Reply #79 on: March 11, 2015, 01:57:15 AM »
Last year 2014 their sales consistently fell every quarter.
I can always tell when I get near a McDonalds, the smell
of rancid grease is in the air and it lingers.
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