Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

The burgers set to bring huge profits to American McDonald’s stores

Published

on

A new menu at McDonald’s stores in the US is set to bring in the big bucks

McDonald’s BTS celebrity meals and crispy chicken sandwiches are expected to fuel a sales increase of 24% when the company reports second-quarter earnings on Wednesday.

The burgers have been deemed ‘popular’ among the fast-food giant’s customer base throughout the United States.

However, analysts are concerned a labor shortage could slow growth.

According to Reuters, if results for McDonald’s fall short of the mark, the lack of cooks and cashiers could be to blame.

As the United States and other economies move toward emerging from the COVID-19 pandemic, an increase in demand for food and goods is exacerbating a shortage of servers, retail workers, truck drivers, and delivery drivers.

That crunch is causing slow service and menu outages

Some of McDonald’s franchisees are cutting operating hours because of staffing problems and seeing sales drop as competitors reopen, according to a survey by Kalinowski.

Some analysts expect McDonald’s U.S. sales to beat estimates, including Nick Setyan of Wedbush Securities, who pointed to new menu items such as the new line of chicken sandwiches, increased marketing spending and growing adoption of the company’s app for ordering.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

Recovery on the horizon: investing in growth

Published

on

The ‘gloom to soon’ signal points to shares and property gains

Money Minute features finance expert Dr. Steve Enticott from CIA Tax, guiding audiences through practical advice and innovative strategies for financial freedom.

Continue Reading

Money

Navigating the downturn: investment tips for tough times

Published

on

Why the contraction phase calls for cash-focused strategies

Money Minute features finance expert Dr. Steve Enticott from CIA Tax, guiding audiences through practical advice and innovative strategies for financial freedom.

Continue Reading

Money

Warning signs of the boom: time to cash out?

Published

on

How to spot overheating markets and safeguard your investments

Money Minute features finance expert Dr. Steve Enticott from CIA Tax, guiding audiences through practical advice and innovative strategies for financial freedom.

Continue Reading

Trending Now