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Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

Video Credit: FRANCE 24 English - Duration: 01:49s - Published
Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurantsTasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

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Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices [Video]

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

Fast Food Chains Warn Consumers , That Worker Pay Increases Will Impact Prices. 'Newsweek' reports that franchises have warned an increase of the minimum wage for fast food workers in California could also force menu prices to climb. As of April 1, fast food restaurants in California will have to pay employees at least $20 an hour, an increase of four dollars from the current $16 an hour. . Business owners have warned that the new law, signed in by Democratic governor Gavin Newsom, will have an impact on margins and consumer costs. . At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". According to McDonald's numbers, the price of the signature Big Mac burger is currently $5.89 in California, the 10th highest in the United States. The latest data compiled by 'The Economist' shows that the average price of a Big Mac nationwide is currently $5.69, which is up from $5.36 at the same time in 2023. . Last year, McDonald's , reported net profits of , almost $8.5 billion. According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers. . In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Krispy Kreme to Be Sold at McDonald’s Nationwide [Video]

Krispy Kreme to Be Sold at McDonald’s Nationwide

Krispy Kreme to Be Sold , at McDonald’s Nationwide. Krispy Kreme to Be Sold , at McDonald’s Nationwide. Both food chains made the announcement on March 26, CNBC reports. . The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. . That's because Krispy Kreme will have to "more than double its distribution" to meet demand, CNBC reports. . We think we can service about 6,000 restaurants with our existing infrastructure, mostly doughnut shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC. Shares of Krispy Kreme jumped 22% following the announcement. Krispy Kreme is also expanding distribution to grocery and convenience stores. That means that the overall efficiency and productivity of our distribution network will significantly improve over time, not just because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC. Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC. Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC

Credit: Wibbitz Top Stories    Duration: 01:31Published
McDonald’s Suffers Global Tech Outage [Video]

McDonald’s Suffers Global Tech Outage

McDonald’s Suffers , Global Tech Outage. On March 15, McDonald's stores around the world either shut down or paused online ordering due to a technology outage, NBC News reports. Locations that reported the most disruptions include Australia, China, Britain and Japan, as well as other areas in Asia and Europe. Many stores across the country have temporarily suspended operations. We apologize for any inconvenience caused to our customers. There is currently a system failure, McDonald's Japan, via X. Due to a computer system failure, the mobile ordering and self-ordering kiosks are not functioning. , McDonald's China, via Facebook. Please order directly at the restaurant counter. Sorry for any inconvenience caused, McDonald's China, via Facebook. At around 4 p.m. local time, the 'South China Morning Post' reported that the problem had been fixed. The McDonald's Corporation also issued a statement. We are aware of a technology outage, which impacted our restaurants; the issue is now being resolved. , McDonald's Corporation spokesperson, via statement. We thank customers for their patience and apologize for any inconvenience this may have caused, McDonald's Corporation spokesperson, via statement. Notably, the issue is not related to a cybersecurity event, McDonald's Corporation spokesperson, via statement

Credit: Wibbitz Top Stories    Duration: 01:31Published
McDonald's Hit with Global Tech Outage, Services Unavailable in Several Countries | Oneindia News [Video]

McDonald's Hit with Global Tech Outage, Services Unavailable in Several Countries | Oneindia News

McDonald's experienced a global technology outage affecting operations in Japan, the UK, and Australia, disrupting in-person and mobile orders. The company ruled out a cybersecurity incident. Despite efforts to restore functionality, the exact extent of the disruption remains unclear. Similar incidents recently affected Meta-owned platforms. Customers in Asia faced difficulties with orders and kiosks #MCdonalds #MCDonaldsBurger #MacBurger #GlobalTechOutage #cyberattack #Internetnews #Worldnews #Oneindia #Oneindianews ~PR.274~ED.194~HT.95~

Credit: Oneindia    Duration: 02:21Published
McDonald's CEO Talks Affordability After Stock Prices Drop [Video]

McDonald's CEO Talks Affordability After Stock Prices Drop

McDonald's CEO , Talks Affordability , After Stock Prices Drop. ABC reports that McDonald's has come under fire by customers angry over recent increased menu prices, which has prompted the CEO to address the issue of affordability. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. Global same-store sales were up 3.4%, short of Wall Street expectations, while domestic same-store sales were up 4.3%, more closely aligned with "normalized growth.". Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Kempczinski reportedly admitted that the company's sales had dipped in the wake of increased menu prices. The fast-food chain noted reduced transactions among lower-income customers making under $45K a year, one of the company's core consumers. Eating at home has become more affordable. The battleground is certainly with that low-income consumer, Chris Kempczinski, McDonald's CEO, via ABC. According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . The CEO stressed that the company remains in a good position with its value menu offerings, while promising , "some activity at the local level to make sure we continue to provide value for the lower-income consumer.". What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC. What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC

Credit: Wibbitz Top Stories    Duration: 01:31Published

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'Tasty, full stop': Former McDonald's restaurants rebrand and reopen in Moscow [Video]

'Tasty, full stop': Former McDonald's restaurants rebrand and reopen in Moscow

The restaurants were sold to a Russian owner and have relaunched on Sunday after McDonald's withdrew over Russia's invasion of Ukraine.

Credit: euronews (in English)     Duration: 01:05Published
Protester disrupts launch of Russia's 'new McDonald's' [Video]

Protester disrupts launch of Russia's 'new McDonald's'

An unnamed man disrupted the relaunch event for Russia's rebranded McDonald's restaurants in Moscow on Sunday (June 12), holding up a sign and saying: "Bring back Big..

Credit: Rumble     Duration: 00:56Published