Related: Dinner at McDonald's
Maybe you would like to grab a quick bite?
"McDonald’s CEO outlines changes as sales slide" AP October 22, 2014
NEW YORK — McDonald’s chief executive Don Thompson said Tuesday the company hasn’t been keeping up with the times and that changes are in store for its US restaurants.
Starting in January, Thompson said McDonald’s will ‘‘simplify’’ its menu to make room for restaurants to offer options that are best-suited for their regions. To offer greater customization, he also said the company planned to expand its ‘‘Create Your Taste’’ offering that lets people pick the buns and toppings they want on burgers by tapping a touchscreen. The program is currently being offered in Southern California.
The remarks came after McDonald’s said its profit sank 30 percent in the third quarter, with sales at established locations down 3.3 percent globally and in its flagship US market. In the division encompassing Asia, where a major McDonald’s supplier was shown on TV repackaging expired beef, the figure sank 9.9 percent.
Some analysts questioned whether the moves McDonald’s has in store will be enough to fix its problems. Sara Senatore, a Bernstein restaurant analyst, noted that the company efforts seem focused on marketing, rather than changing recipes.
For the quarter, revenue declined to $6.99 billion, short of the $7.23 billion Wall Street expected. Net income declined to $1.07 billion, or $1.09 per share. Adjusted for one-time costs, earnings were $1.52 per share. Analysts expected $1.37 per share.
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Maybe this is the problem:
"2nd guilty plea in California tainted beef case" AP October 22, 2014
SAN FRANCISCO — A second defendant has pleaded guilty in a case alleging that a Northern California slaughterhouse at the center of a massive recall processed and distributed tainted beef.
Eugene Corda, an employee of Petaluma-based Rancho Feeding Corp., entered the plea to one count of aiding and abetting in the distribution of adulterated, misbranded, and uninspected meat earlier this month.
A co-owner of the slaughterhouse, Robert Singleton, pleaded guilty to the same charge in August.
The two other defendants, co-owner Jesse Amaral Jr. and Felix Cabrera, are still facing charges. They have pleaded not guilty.
Federal prosecutors say the owners schemed with employees to slaughter about 79 cows with skin cancer of the eye.
The plant’s operations were halted in February after a series of beef recalls.
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Think I will skip the beef and keep blogging.
