McDonald's is removing its Automated Order Taker technology from over 100 restaurants. The food chain collaborated with IBM in 2021 to develop and deploy the AI software.
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Some may call it corporate greed, and some may buy the media message, but the truth is that fast food isn't cheap or quick. This CNBC short documentary covered some of the factors behind fast food price increases.
McDonald's has achieved 13 straight quarters of revenue growth, despite high inflation hurting consumer spending. The fast-food chain plans aggressive expansion, with a goal of reaching 50,000 global restaurant units by FY 2027. McDonald's is a 'Dividend Aristocrat' with consistent profitability and potential for dividend growth.
McDonald's (MCD) reachead $254.28 at the closing of the latest trading day, reflecting a +0.19% change compared to its last close.
As McDonald's stock continues to languish below declining 21- and 50-day moving averages, it could be a good candidate for a bearish option trade.
In the most recent trading session, McDonald's (MCD) closed at $253.81, indicating a -0.94% shift from the previous trading day.
McDonald's (MCD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
McDonald's has lost the EU trademark for use of the term "Big Mac" in relation to chicken sandwiches.
McDonald's lost its chicken Big Mac trademark rights in the EU on Wednesday. The trading bloc's General Court ruled in favor of Supermac's, an Irish fast-food chain.
A court in Luxembourg ruled that McDonald's hasn't used the "Big Mac" name for its chicken sandwiches for five consecutive years.
McDonald's Corp (NYSE:MCD, ETR:MDO) will no longer be the only restaurant able to label its chicken burgers 'Big Mac' following a ruling by an EU court. A trademark for the burger's name was registered by the fast food chain back in the EU in the mid-90s, but a legal challenge from an Irish rival has changed the parameters.