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Reuters - 2 일 전

US fast-food chains' bets on value meal set to face investor scrutiny

PREVIEW-US fast-food chains' bets on value meal set to face investor scrutiny By Savyata Mishra and Juveria Tabassum July 25 (Reuters) - The performance of McDonald's and other fast food chains' value meal launches will be closely watched when the U.S. restaurants report quarterly results over the next few weeks. McDonald's MCD.N , Burger King and other chains have been scrambling to improve traffic as soaring menu prices put off diners , especially from the lower-income group.

Reuters - 5 일 전

McDonald's to extend $5 value meal, Bloomberg News reports

McDonald's to extend $5 value meal, Bloomberg News reports July 22 (Reuters) - Burger chain McDonald's MCD.N would continue to offer $5 value meal at most of its U.S. restaurants beyond the initial four-week window, Bloomberg News reported on Monday citing a company memo. McDonald's meal offer kicked off on June 25 as promotions ramped up across fast-food chains seeking to attract cash-strapped customers.

Reuters - 3 주 전

US fast food chains: Truist data points to Q2 sales pressure despite value promotion

BUZZ-US fast food chains: Truist data points to Q2 sales pressure despite value promotion ** Truist Securities based on card data tracking says setup into Q2 earnings for McDonald's MCD.N , Burger King and Wendy's WEN.O appears negative owing to culmination of outsized menu price increases since 2019 ** Recent launches of $5 value meals from Restaurant Brands-owned QSR.TO Burger King and MCD to offset weaker sales "does not appear to be shifting momentum" - Brokerage ** Notes MCD same-store sale

Reuters - 2 달 전

VF Corp appoints independent directors as Engaged Capital pushes for board refresh

VF Corp appoints independent directors as Engaged Capital pushes for board refresh June 3 (Reuters) - The North Face owner VF Corp VFC.N on Monday appointed two new independent directors to its board, amid pressures from activist investor Engaged Capital for a board reshuffle and faster change at the company grappling with choppy demand. Engaged Capital, which has a 1.3% stake in VF, has been pushing for board representation and has already successfully pressed VF to cut costs and explore strate

Reuters - 2 달 전

McDonald's top US exec denounces viral reports of runaway prices

McDonald's top US exec denounces viral reports of runaway prices By Waylon Cunningham May 29 (Reuters) - McDonald's MCD.N top U.S. executive denounced viral reports of runaway Big Mac prices as painting an inaccurate picture of the company, which has seen its profits surge by roughly a third since 2019 and is now preparing to roll out $5 combo meals.