McDonald's

Financing

McDonald’s is selling its automated ordering lab to IBM

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.

Technology

McDonald’s is renegotiating its deals with delivery providers

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.

But the burger giant will have some competition from Arby’s, which has introduced its own barbecue rib sandwich.

Franchisees are trying incentives and vaccine clinics. But the company has also sourced tests for those who resist the inoculation.

The company said it plans to resume buying back shares, which it had abandoned during the pandemic.

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