McDonald's USA leadership transition
The developments in this story so far, most recent first.
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Milestone
McDonald's names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
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· date approximate Development
McDonald's sales growth slows as budget-conscious consumers remain under stress
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· date approximate Background
McDonald's reported its second-quarter earnings for the three months ended June 30.
For the three months ended June 30, McDonald's reported second-quarter earnings of $2.36 billion, or $3.32 per share. This figure was higher than the $2.25 billion, or $3.14 per share, earned during the same period a year prior.
While earnings beat analyst expectations, quarterly revenue reached $7.1 billion, falling short of the $7.13 billion estimated by Wall Street. During the same period, U.S. same-store sales grew by 0.8%, though the company reported a decline in traffic to its domestic restaurants in the U.S.
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· date approximate Background
McDonald's unveiled a new growth strategy involving menu innovation and restaurant design.
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· date approximate Background
The Minecraft limited-time offering lapsed in April.
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· date approximate Background
McDonald's recorded 3.8% global same-store sales growth in the first quarter.
In the first quarter, McDonald's recorded 3.8% growth in global same-store sales.
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· date approximate Background
Skye Anderson was named the chief operating officer for McDonald's USA.
Earlier in the year, Skye Anderson was named the chief operating officer for McDonald's USA.