New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and
McDonald’s reported laying off hundreds of corporate employees
Layoffs don't include restaurant-level workers
Price hikes help McDonald’s beat back inflation, costs from Ukraine war
Reuters – Menu price hikes and a new loyalty program helped McDonald’s beat estimates for quarterly sales and profit April 28, despite inflationary pressure on consumers, the war in Ukraine and COVID-19 lockdowns in China. Pinched by higher costs for gas, rent and groceries, lower-income customers are starting to buy cheaper or fewer McDonald’s menu
Tim Hortons, Burger King parent to hike prices
BK pulling Whopper off discount menu
Reuters — Burger King parent Restaurant Brands International said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than three per cent after it topped results estimates for the fourth
McDonald’s, Beyond Meat seen planning big U.S. McPlant expansion
New York | Reuters — McDonald’s Corp. is planning a major expansion of its plant-based burger with Beyond Meat Inc. in the United States in 2022, according to two Wall Street analysts. The companies began testing the “McPlant” patty in eight McDonald’s U.S. locations in November. Those restaurants have been selling enough of the sandwiches
No sizzle, no steak
Delta variant, beef prices threaten to take the sizzle out of steak houses seen as key recovery indicator
Reuters – Just as steak houses are recovering from the first wave of COVID shutdowns, the Delta variant threatens to diminish the appetite for a sector seen as a barometer for full economic recovery. While many top steak restaurants found new customers by reinventing themselves during the crisis, the comeback of the US$5-billion U.S. premium
Cyber-Savvy Farmer
