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McDonald's

Financing

McDonald's board shakeup continues as two longtime directors retire

 By Jonathan Maze on Mar. 29, 2023

Robert Eckert and John Rogers, who joined the board on the same day in 2003, are retiring as part of the company's "commitment to ongoing refreshment" of its directors.

Technology

McDonald's will start preparing orders before customers arrive

 By Jonathan Maze on Mar. 23, 2023

The fast-food burger giant is adding new functionality on mobile orders that uses geofencing technology to help teams start orders while customers are on their way.

Financing

An 8-unit McDonald's franchisee declares bankruptcy

By Jonathan Maze on Mar. 18, 2023

Rice Enterprises, a longtime operator out of the Pittsburgh area, filed for Chapter 11 bankruptcy less than two years after it was sued over the rape of a 14-year-old employee by one of its managers.

Financing

A tweet comes between Grubhub and McDonald's franchisees

By Jonathan Maze on Mar. 17, 2023

The Bottom Line: The fast-food burger chain’s former top U.S. corporate relations officer said, “cry me a river” in a now-deleted tweet about McDonald’s franchisees. It didn’t go over well, either with them or his new employer, Grubhub.

Financing

McDonald's franchisees may take their complaints to the FTC

By Jonathan Maze on Mar. 14, 2023

Operators, saying they're being "held hostage" by customer survey standards and new ownership requirements, have hired an attorney and may influence franchise regulations. The company says it just wants to run good restaurants.

Operations

Which restaurant brand really invented the drive-thru? Here are some clues.

By Peter Romeo on Mar. 07, 2023

Restaurant Rewind: It's a mystery with no fewer than five claimants to the title of innovator.

Financing

McDonald's CEO warns that regulations could end franchising

By Jonathan Maze on Feb. 27, 2023

Saying that, “our business model is under attack,” Chris Kempczinski urged franchises to push back against efforts at the state and federal level to regulate franchises and fast-food businesses.

Marketing

McDonald's is expanding its Krispy Kreme test

By Jonathan Maze on Feb. 27, 2023

The fast-food burger chain will sell doughnuts at 160 restaurants in Louisville and Lexington and surrounding areas starting March 21. They will also be available through all channels.

Marketing

McDonald's enlists Cardi B and Offset for Valentine's Day

By Jonathan Maze on Feb. 13, 2023

The fast-food burger chain’s latest Famous Orders meal is for two, targeted at couples on date nights or friends hanging out with one another.

Financing

Cash flow decline at McDonald's restaurants shows the impact of inflation

By Jonathan Maze on Feb. 09, 2023

The Bottom Line: High food costs and more discounts led to profit declines at the fast-food chain’s restaurants. Now imagine what would have happened if its sales weren’t thriving.

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