Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Jim Skinner, former CEO of McDonald, analyzes the state of fast food industry as the US economy slows down “Claman Countdown”.
McDonald’s Sales has recruited a significant hit in its last quarter due to an outbreak of E. coli, which is connected to a connected onion that killed one person and sent to more than two dozen hospitals.
CEO Chris Kempczinski told analysts on Monday’s invitation to revenue on Monday that sales of US stores slipped 1.4% in the fourth quarter, which was largely attributed to “E. coli’s outbreak, which is connected in the quarter.
The company generated $ 6.39 billion in revenue, with Wall Street estimates $ 6.44 billion.
Federal health officials have stated that the outbreak was “closed” in December after the disease occurred in late October. 104 There were confirmed cases from the E. coli O157: H7 tribe in 14 states, and hospital treatments rose to 34. ). One of the deaths was associated with the eruption early, the CDC said.
The grocery store considers a recall of Deadly Boar’s head
The raw onion, which was served on top of the quarter runners, was a likely source of the outbreak after excluding beef. According to the agency Taylor Farmswhich recalled the onion to McDonald’s and an anonymous onion in Washington.
They serve a quarter of a pouter hamburgers at a McDonald’s restaurant. (Scott Olson / Getty Images / Getty Images)
After the outbreak was discovered, McDonald’s removed the McDonald’s Quarter Pouund in the affected areas and stopped the onion processed at the Taylor Farms Colorado Springs.
According to the leaders, the company saw “strong sales” in the first weeks of October before the outbreak left.
In the fourth quarter, while American shops were somewhat positive, the company said customers spend less. Part of the question was that the quarterly POUNDER was a “high cover” item, according to leaders.
According to Kempczinski, the E. coli bunch was now “the most impact”.
The signal will be posted on April 28, 2022, in San Leandro, California, in front of a McDonald’s restaurant. (Justin Sullivan / Getty Images / Getty Images)
“Think about the rocky -mountain region.
80,000 pounds of Costco butter called back because I missed a statement for milk
The company expects to be fully recovered from food safety issues by the beginning of the fiscal second quarter.
After the outbreak, executives say the company invested in “value, affordability and obviously digital offers to return to consumers” and regain trust.
Ticking | Security | Last | Change | Change % |
---|---|---|---|---|
MCD | McDonald’s Corp. | 308.59 | +14,26 |
+4.84% |
McDonald plans to further develop its value programs in the first quarter, “to ensure that we offer the industry’s leading value and the fund with good value.”
Get FOX Business by clicking HERE
Nevertheless, financial director Ian Borden told analysts that his 2025 approach “reflects the softer, restaurant industry in the United States and in many major markets.”