Maybe they need a Dime Menu instead of dollar
Welcome to the new America, where fast food has replaced US STEEL, GM, Pratt and Whitney, Allis Chalmers, and DuPont, and that’s the GOOD news.
McDonald’s Corp (MCD.N) reported a lower-than-expected rise in global August sales at established restaurants on Friday on a steep drop in Japan and a lull in new product launches in the United States.
The world’s largest hamburger chain, whose shares fell more than 4 percent, said sales at restaurants open at least 13 months rose 3.5 percent worldwide. Analysts polled by Thomson Reuters were looking for an increase of 4.3 percent.
Same-restaurant sales rose 3.9 percent in the United States, while analysts had expected a 4.0 percent gain. In Europe — McDonald’s largest market — the company reported an increase of 2.7 percent, missing analysts’ expectations of a 4.7 percent increase.
To help increase sales, McDonald’s has relied on new products like breakfast oatmeal and a beverage overhaul that has included the introduction of fruit smoothies and other drinks.
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Washington Times: Unemployment rates rose in 44 U.S. states in July WASHINGTON (AP) — Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide.The...
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Yahoo/AP: Wholesale prices up 1.6 pct. on steep rise in food Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years On Wednesday March 16, 2011, 8:57 am EDT WASHINGTON (AP) -- Wholesale prices jumped last month by the most...
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