News

Fast Food Restaurants

Kimberly Redmond | Equities.com |

Franchisees of McDonald’s Corporation (NYSE: MCD) across the US plan to roll out several new benefits in a bid to help keep current workers and attract new ones amid the tight labor market.

According to The Wall Street Journal, franchisee-operated restaurants — which account for 95% of McDonald’s nearly 14,000 US locations — will offer backup childcare, higher hourly wages, paid time off and tuition payments.


Kimberly Redmond | Equities.com |

Plant-based protein company Beyond Meat Inc’s (Nasdaq: BYND) breakfast sandwich and breakfast wraps are no longer being served at Dunkin’ locations nationwide.

The Inspire Brands-owned coffee and doughnut chain first began selling the faux-meat breakfast items at all of its 9,000 US locations in 2019, but Beyond Meat will now only be available at a few hundred shops, Fox News reported.


Kimberly Redmond | Equities.com |

McDonald’s Corporation will launch its first-ever loyalty program nationwide on July 8, the fast-food chain announced Tuesday.

As part of the program — which will be available exclusively through the McDonald’s app — members will earn 100 points for every dollar spent on qualifying purchases.


Kimberly Redmond | Equities.com |

Restaurant Brand’s International’s (NYSE: QSR) Burger King announced plans to launch its new chicken sandwich in June, making it the latest fast-food chain to enter a market that is more crowded than ever.

On Wednesday, the Miami-based company revealed that its “Ch’King” sandwich – a hand-breaded chicken fillet served on a toasted potato bun, topped with pickles and signature sauce – will hit menus nationwide on June 3.


Reuters | Equities.com |

McDonald’s Corp said on Thursday it would hire 25,000 people in its restaurants across Texas, United States in April.

The burger chain said it will hire for crew and management positions in a three-day event from April 13-15.


Kimberly Redmond | Equities.com |

Taco Bell plans to launch its own version of a chicken sandwich this year, becoming the latest fast-food chain to enter the so-called “chicken sandwich wars.”

On Monday, Yum! Brand’s California-based chain unveiled its Crispy Chicken Sandwich Tacos, which features crispy tortilla chicken and chipotle sauce served in a flatbread. The new item, which costs $2.49 apiece, will begin testing at participating locations in Nashville, Tennessee and Charlotte, North Carolina.


Kimberly Redmond | Equities.com |

McDonald’s has unveiled plans to increase the number of women and people from minority groups within its US senior leadership ranks by the end of 2025.

On Thursday, the fast-food giant said it aims to increase the number of women in senior director and above roles from 37% to 45% over the next four years will work to achieve gender parity by the end of 2030.


AP News | Equities.com |

The Black owner of 14 McDonald’s franchises says the company has shown more favorable treatment to white owners and denied him the opportunity to buy restaurants in more affluent communities, according to a civil rights lawsuit filed Tuesday in federal court in Youngstown.

The lawsuit filed by Herbert Washington, a former Michigan State University track star who played for parts of two seasons with the Oakland Athletics in the mid-1970s, said the Chicago-based company’s discriminatory practices has led to a $700,000 sales gap between Black-owned franchises and those owned by white people.


Kimberly Redmond | Equities.com |

McDonald’s Corp plant-based burger is now on the menu in Denmark and Sweden as part of a trial run to help the chain gauge customer interest in the meatless offering before a widescale rollout.

The fast-food powerhouse began testing the McPlant, a plant-based burger featuring a patty co-developed with faux-meat manufacturer Beyond Meat Inc, in a handful of locations abroad last month, Bloomberg reported.

McDonald’s chief executive officer Chris Kempczi...


Reuters | Equities.com |

McDonald’s Corp missed Wall Street estimates for quarterly profit and revenue on Thursday as a second round of pandemic lockdowns in parts of Europe hurt its business and countered the hamburger chain’s sales growth in the U.S. market.

Several European countries announced tough restrictions as the health crisis spiraled out of control late last year, adding to the woes of the restaurant industry, which was already reeling from the impact of the COVID-19 for much of the year.