McDonald's made 6 major changes that totally turned business around
On Tuesday, the fast-food chain reported sales at stores in the US open for at least one year rose 4.1%. Analysts had forecast 3.4% growth.
This is the third quarter in a row that McDonald's US comparable sales have grown, and the ninth quarter of global comparable sales growth for the chain. Over the last two years, same-store sales have increased 5.4% in the US, according to UBS.
"We're building a better McDonald's and winning back customers with great tasting food, compelling value, and an enhanced experience," CEO Steve Easterbrook said in a call with investors on Tuesday.
It's a stark improvement for the fast-food icon, which struggled to substantially grow sales in the US for years. Here's how McDonald's turned business around - plus its game plan to continue growing sales.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- Private Equity Investments