McDonalds Stock Price, News & Analysis

In an open letter, Joe Erlinger, President of McDonald's USA, expresses his support for raising minimum wages nationwide while criticizing California's AB 257 bill. He argues the bill unfairly targets certain restaurants, imposing wages up to $22 per hour, which could increase costs for quick service restaurants in California by 20%. Erlinger emphasizes that legislation should benefit all restaurant workers fairly, rather than creating disparities among different types of businesses. He calls for a dialogue on wage increases that ensure equitable treatment across the industry.

McDonald's has appointed Jon Banner as its new Executive Vice President and Global Chief Impact Officer, effective September 6. Reporting directly to CEO Chris Kempczinski, Banner will oversee Sustainability, ESG, Government Relations, and Communications. He brings a decade of experience from PepsiCo, where he shaped the company's sustainability vision and global strategy. His leadership aims to bolster McDonald's reputation across nearly 40,000 communities worldwide, focusing on stakeholder trust.

McDonald's Corporation (NYSE: MCD) announced the retirement of Sheila A. Penrose from its Board of Directors, effective September 30, 2022, after over 15 years of service. The company welcomed three new members: Tony Capuano, CEO of Marriott International; Jennifer Taubert, EVP at Johnson & Johnson; and Amy Weaver, CFO of Salesforce, with their roles effective October 1, 2022. Enrique Hernandez, Chairman, and Chris Kempczinski, CEO, emphasized the newcomers' extensive leadership experience, which is expected to enhance McDonald's growth and commitment to sustainability and community service.

McDonald's has appointed Brian Rice as its Executive Vice President and Global Chief Information Officer, effective August 31, 2022. Reporting directly to CEO Chris Kempczinski, Rice will be part of the Global Senior Leadership Team. Known for his leadership in enterprise technology at brands like Kellogg and General Motors, Rice is expected to enhance McDonald's digital strategy under the Accelerating the Arches initiative. The company aims to increase digital sales, which reached $6 billion in top markets last quarter, and further develop customer engagement through technological innovations.

McDonald's Board of Directors has declared a quarterly cash dividend of $1.38 per share, payable on September 16, 2022, to shareholders on record as of September 1, 2022. This decision underscores the company’s commitment to returning value to shareholders. McDonald's operates nearly 40,000 locations globally, with approximately 95% independently owned, reflecting its extensive market presence. For ongoing updates, investors can visit McDonald's Investor Relations site.

McDonald's Corporation reported a 9.7% increase in global comparable sales for Q2 2022, with significant growth across all segments. The U.S. saw a 3.7% rise, while international markets reported higher sales, particularly 16.0% in Developmental Licensed Markets. However, consolidated revenues decreased 3%, largely due to $1.2 billion charges from exiting Russia. Diluted earnings per share fell 46% to $1.60, impacted by these charges. Despite challenges, the company remains optimistic, focusing on its Accelerating the Arches strategy.

McDonald's is restructuring its international leadership, appointing Jill McDonald as Executive Vice President and President of International Operated Markets (IOM) effective September 5. She returns to the company to oversee the five largest wholly-owned international markets, leveraging her extensive marketing background. Meanwhile, Jo Sempels continues as Senior Vice President and President of International Developmental Licensed Markets (IDLM), now including China. This leadership shift aims to enhance market responsiveness and growth under the Accelerating the Arches strategy.

McDonald's Corporation has announced leadership changes effective September 1, 2022, as CEO Chris Kempczinski highlights the company's strong position following a successful transformation. Kevin Ozan is promoted to Senior Executive Vice President of Strategic Initiatives, while Francesca DeBiase retires as Global Chief Supply Chain Officer after 30 years. Ian Borden, a 30-year veteran, will take over as CFO. Marion Gross, a 29-year veteran, will become Global Chief Supply Chain Officer. These transitions come as McDonald's continues to strengthen its operations and address challenges in the industry.

Adyen and McDonald's have expanded their mobile app partnership to the U.S., building on their collaboration that began in the U.K. in 2020. This partnership enhances customer payment experiences by improving the success rate for payment method registration and reducing card declines using Real-time Account Updater technology. McDonald's loyalty customers can now conveniently use saved payment methods at various service points. Adyen's growth in the quick-service restaurant space highlights its role in transforming customer experiences in the financial technology sector.