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The Latest Breaking News from Chris Kempczinski

McDonald’s to Add New Spinoff Restaurant Rooted in Beloved Nostalgia

McDonald's has hinted at a restaurant inspired by another classic McDonaldland character in an earnings call.

The Street

McDonald’s plans to launch a new restaurant based off an ‘80s character

The fast-food chain plans to test a small-store format called CosMc’s, which was the name of a character from its TV ads in the 1980s.

Chicago Sun-Times

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

WEKU

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McDonald's CFO is starting to sound like a CMO—here's why

Marketing is one of McDonald's "primary competitive edges," says Wedbush analyst Nick Setyan.

Fortune

Outrage over $16 McDonald's meals as viral video exposes 'exorbitant' prices

A TikTok user with the handle @xconmedia left his followers in disbelief when he denounced the high prices of a McDonald's restaurant where a Big Mac combo meal cost $16.89

Daily Mirror

McDonald's menus around world could change as firm to sack thousands of workers

McDonald's Corporation will keep its US offices closed from Monday until Wednesday to announce what could be mass lay-offs 'with comfort and confidentiality' - while the CEO hints at menu changes across the globe

Daily Mirror

‘McDonald’s, I’m done’: Fast food chain’s new AI ordering system isn’t exactly going to plan according to bewildered TikTokers

McDonald's had believed it would get 85% accuracy from its AI ordering system but baffled TikTokers are showing where it's fallen short.

Fortune

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McDonald's Brings Back a Classic Menu Item (And Adds a New Favorite)

While rivals Burger King and Wendy's have relied on menu innovation, McDonald's has mostly taken a different path.

The Street

McDonald's profits rise as consumers seek value

New York (AFP) - McDonald's reported Tuesday a jump in fourth-quarter profits following higher sales in most markets, scoring with consumers worried about inflation.

AFP

Adult Happy Meals, McRib, feed McDonald’s sales in Q4

Sales soared in October after McDonald’s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market.

Chicago Sun-Times

Chase Follows Starbucks, McDonald's in Making a Tough Decision

The large consumer bank caught a lot of heat online following the policy move.

The Street

McDonald’s Plans Reorganization, CEO Says Layoffs Are Coming: What Investors Need To Know

McDonald's Corp has announced that it will accelerate its restaurant expansion plan and review corporate staffing levels.

Zenger

McDonald’s former security chief claims he was fired for publicly criticizing CEO's controversial text messages

Michael Peaster claims he was barred from using the company's private jet after he accused the CEO of victim-blaming following two fatal shootings in Chicago.

Fortune

Strong McDonald's results showcase advantage amid inflation

New York (AFP) - McDonald's reported stronger-than-expected quarterly profits Thursday as executives pointed to signs it is drawing customers priced out of more expensive restaurants.

AFP

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The Street

McDonald's Stock Gains As Big Mac Price Hikes Help Drive Q3 Earnings Beat

"As the macroeconomic landscape continues to evolve and uncertainties persist, we are operating from a position of competitive strength," said CEO Chris Kempczinski.

Chicago Tribune

Tyson Foods will move about 500 corporate employees in Chicago and suburbs to Arkansas headquarters

Meat processor Tyson Foods will move about 500 corporate employees based in its Chicago office and Downers Grove, Illinois, innovation center to its Springdale, Arkansas, world headquarters, the company said in a news release Wednesday.

The Street

McDonald's Makes Curious Menu Choices to Rival Burger King, Wendy's

The fast-food giant has three new ideas including one that gets a little freaky.

Chicago Tribune

After McDonald’s CEO says Chicago needs to ‘face facts’ about problems, Mayor Lightfoot says he should ‘educate himself’ before speaking

CHICAGO — Mayor Lori Lightfoot fired back Wednesday at McDonald’s CEO Chris Kempczinski after he raised concerns about crime in Chicago, and she defended the city’s economic outlook.

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inkl Originals

The Weekly Wrap for Saturday, 17 September 2022

Inflation lunged sideways, stocks dropped all over the shop, the European Union massaged its slapping hand, and Adobe suite went brrr.

The Street

McDonald's CEO Makes a Big Political Statement (Some Won't Like It)

McDonald's boss shares what he sees as a big problem for the burger chain.

Chicago Tribune

McDonald’s plans to expand Chicago HQ, but CEO says city needs to ‘face facts’ about downtown business climate

McDonald’s CEO Chris Kempczinski raised concerns about the effects of crime on doing business in Chicago, even as the company announced plans to bring more of its suburban employees downtown.

Chicago Sun-Times

‘What is the plan?’ McDonald’s CEO asks about city’s crime problem

The company is adding 100 jobs to its West Loop headquarters, but the city’s crime is making recruiting talent difficult, McDonald’s President and CEO Chris Kempczinski said Wednesday.

AFP

McDonald's tracking inflation impact as Russia exit hits profits

New York (AFP) - McDonald's reported lower profits Tuesday following the hit from its Russia withdrawal, as it keeps a close eye on restaurant traffic amid rising consumer inflation.

The Street

McDonald's Earnings Impress As Sales Grow Despite Menu Price Increases

"The operating environment across the competitive landscape remains challenging," said CEO Chris Kempczinski.

Benzinga

McDonald's Executive Shake-Up: What's On The Cards

McDonald's Corp (NYSE:MCD) CEO Chris Kempczinski announced several executive changes. MCD has appointed Ian Borden, currently President, International, as its next Executive Vice President and Chief Financial Officer, effective September 1. The current CFO, Kevin Ozan, has been promoted to Senior Executive Vice President, Strategic Initiatives, effective August 31. He plans to…

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