McDonald's

Financing

At McDonald’s, a text threatens to undo efforts to improve its image

The burger giant, which has been defending itself from charges of discrimination, ignites a furor over a text from CEO Chris Kempczinski to Chicago Mayor Lori Lightfoot.

Financing

Big chain executives express confidence in the face of labor challenges

The chief executives of McDonald’s, Yum Brands, Starbucks and others all said they have big advantages amid a historic shortage of workers. They might be right, says RB’s The Bottom Line.

MyMcDonald’s Rewards is already one of the industry’s biggest programs as the company takes steps to know more of its customers.

The burger giant is selling its McD Tech Labs, created after its 2019 purchase of Apprente, as part of an agreement with the tech giant to build its artificial intelligence capabilities.

The burger giant says it draws more traffic to third-party apps and should pay a lower rate as a result.

The chain’s U.S. same-store sales rose 9.6% in 3Q, a 14.6% increase on a two-year basis, thanks to its chicken sandwich and its Famous Orders platform.

The burger giant says it has achieved pay equality for company employees in underrepresented groups. Women are on track to achieve equal pay for equal work next year.

The burger giant will conduct an operations test of its Beyond Meat McPlant sandwich at eight restaurants around the country starting Nov. 3.

The company’s latest “Thank You Meal” promotion will give away breakfast meals to educators next Monday through Friday.

The burger giant said it would work with its operators, suppliers and other partners to cut back on greenhouse gas emissions in a bid to fight climate change.

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