“WANTS SOME FRIES WITH THAT RECOVERY?”
By FITSNEWS || McDonald’s saw its global sales decline 2.2 percent in November – led by an unexpectedly sharp 4.6 percent drop in the United States. The Illinois-based company – the second largest employer in the world – blamed the poor results on “strong competitive activity.”
Well, that … or an increasingly broke population. With no job prospects.
McDonald’s also warned its fourth quarter earnings would decline by $0.07-0.09 per share due to “strengthening of the U.S. dollar against nearly all foreign currencies.”
Analysts had expected McDonald’s U.S. sales to drop only 1.9 percent – meaning the actual November drop-off was twice as bad as anyone anticipated. If trends hold, McDonald’s will experience negative global growth for the first time since 2002.
McDonald’s has more than 35,000 locations around the world – including 14,000 in the United States. The company’s stock price was down $2.81 – or roughly 3 percent – prior to the opening of the market Monday in response to the disappointing data.
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71 comments
It ain’t called free enterprise for nothing. Often low end businesses do better during a recession and decline in a recovery.
“Well, that … or an increasingly broke population. With no job prospects.”
Or the “food” ( if you can call it that) sucks.
And no matter what Mcdonalds you go to, if its after about 6 pm…the “shake machine broked”.
To be fair, I don’t think technology has progressed far enough to develop a device capable of continually pumping out the sludge McDonald’s calls a “milkshake.”
Do you remember when it came out that the slime that dripped off the alien in the move Alien was the same crap McDonald’s used in their shakes?
huh. I always thought it was carrageenan. Alien slime sounds like an improvement.
McDonald’s is the food of the gods.
They can’t make their food shitty/cheap enough for poor people, that’s pretty funny.
If blacks could use their EBT cards for ‘hot/prepared foods, McDonalds would have record sales.
http://abcnews.go.com/blogs/business/2011/09/fast-food-chains-getting-into-the-food-stamp-act/
Will be coming soon to your McDonald’s
These chains are increasingly using robots & automation to do the jobs their subsidized welfare workers are doing as well.
So those using EBT will have more time to load up on milkshakes and Big Mac’s so they can eat themselves into an earlier grave.
You’ll soon walk in, punch your order up on a touchpad, the drinks will be poured by a machine and the burgers flipped by a machine/robot…and maybe one worker will hand you the bag and say “Thank you for eating at McDonalds!”.
Can’t wait myself. No more worrying about Shaniqua giving me the evil eye and spitting on my mystery meat Big Mac to get back at evil Whitey.
What do you mean “IF”, most Burger King stores have banners over them saying they take EBT. If they can, I’m sure McDonalds (or is it MAC donalds) should too.
Mmmm Mc Rib!!????
McRib is by far the best thing on a McDonald’s menu. About the only time I eat there is when it is available. Otherwise I go to Hardees, better food for the money. But home cooking is still best.
Wow…more bad economic news. Since late 2008, it just keeps getting worse. While idiots and media keep telling us how good it is….
Since 1980 you mean?
I cant imagine the total absolute suckiness of what your life must be like. Everyone’s 401k has doubled in the last 6 years, stock market has more than doubled, outside of SC housing prices are cranking and the economy is rolling again, unemployment is down in the 5% range, gas is under 2 bucks and yet your life is still obsessed with Obama and how crappy your life is..please just kill yourself and make the world a slightly better place. If you where a farm animal we would put you down.
You can’t stand to have the S#!t slapped out of you w/ reality…Your fantasy-dweller @$$ believes anything the Dumb@$$#$ lead you to believe…
The Stock mkt is getting propped up w/ $85 billion a month from the earners – who cannot afford to invest…because the economy is on life support since Obama first got elected.
And you better move that 401K too..because it will get wiped out in a day…or the government will confiscate it later on…when it collapses under the p!$$ poor administration of Barack Hussein Obama…
So, you make enough money to actually pay taxes now? Ahahaha!
So in your crazy ass world 1: your website/blog/ghosttown is a raging success that’s why you post here every dam day and you dotn even have enough hits to register with Google. Its all Obamas fault.
2: Obama is going to confiscate my 401k mmm ok..again all Obamas fault.
3:even though the stock market has more than doubled, housing is going crazy in most states and unemployment is 5% you still hate the world and your life sucks..and its all Obamas fault. mmm ok.
4: you have no 401k (which has doubled for almost everyone ) because you have no job and mom wont give you this week allowance..again all Obamas fault.
5: the Bush admin left the country in a glorious position which meant the collapse of the economy, two piss poorly planned wars paid with loans from the Chinese, the bailouts etc even though technically all happened under another administration is yet again.. you guessed it ..Obamas fault.
yeah its a shock your blog is a ghost town, a shock i tell ya.
Big T is waiting for falling flatulance.
Lower gas
Lower/falling unemployment rate
Lower misery index
Lower deficit as a percentage of GDP
Higher stock market
Higher GDP
Higher housing prices
Rising Labor Participation
Rising Dollar.
There is nothing about the current economy that is not better than the day Bush left office.
And the voters are buying that Bull-$#!t you’re peddling….. hook, line and sinker…just look at the Nov. 4, election results…LMAO…
You are correct. Over 40,000,000 on food stamps, nobody is making money on their 401k’s and they are withdrawing money for living expenses, medical and college for the kids.Any job creation is low wage and mainly seasonal/part-time service industry employment, home ownership is at an all-time low.
Gas prices are giving some relief however Obama is already talking about an executive order to raise gas taxes.
McDonalds is to food what Grand Asshat (T) is to journalism.
I don’t know about that, at least McDonald’s somehow manages to turn a profit on its garbage. Can’t say the same for SCPTSD.
Nailed it..its going out of the park….home run.
Just remember, Big T has officially moved out of his trailer. He’s no longer ghettofabulous, meaning his income is going up.
Maybe his site is taking off. So he’s working that MickeyD business model.
Never seen Tango’s website offline. I can always count on his site and as I recall the last time you went after somebody and a ‘profit’, it was Will and he bitch slapped you, calling you a socialist!!!
lol…you are just mad that the muslim in the wHite House hasn’t declared martial law and replaced Christmas Day with LGBT Day. Go fuck your dog.
I guess grand asshat has to result to using other names again..i guess she is pretending i offended her God given right to eat McDonalds..you total fucking asshat.
I can’t stop laughing. It hurts. Oh, my sides. You’re cracking me up.
Dumb article. This has nothing to do with economic recovery or lack of economic recovery. Lower sales at McDonald’s is not bad news for the economy. Cheap fast food sales tend to rise in recession and tend to wane in boom times. People who can afford better food, eat less crap.
The boom is on….zerohedgers are perpetual bears which is understandable in one sense….as the bust that follow every boom due to money printing creates a ton of misery.
What no one knows is how much can be printed or how long the inflation takes to result in a fast rise in prices to the point it hammer the middle class and poor people so badly that everyone starts to regret it.
Bank reserves are the only thing that’s kept price increases from going hyperbolic…because the banks are scares shitless(rightfully so).
So enjoy the money created boom, because the next drop is gonna hurt even worse than 08′.
If Zerohedge tracked money supply they’d have a better handle on things instead of always ignoring booms in an convince people money printing is bad….they can convince people of that by looking macro and long time period instead of the here & now….plus it hurts their credibility.
Maybe they should come out against gays.
How about just coming out against state sanctioned gay marriage, pedophilia and beastiality?
No one should be against those that have been told they are gay.
McDonald’s should go Republican – put tvs up with FOX News only, with closed caption, polka playing in the background, and hire armed security guards that not only protect the patrons from black people and gays with deadly force, but enforce a Baptist dress code.
Ok. Your point? Does that mean IF McDonalds went Democrat they would put tvs up with BET and Telemundo, hip hop music in the background , expand the playground so gays could play with the children, allow patrons to eat for free and enforce a muslim dress code?
My point is that if they went Republican, all the Fox viewers would come out en masse to show their solidarity with religious bigotry, and intolerance of every stripe.
They’d get a shit load of press, because of the swarms of Wal-Mart Shoppers with diabetes, confederate civil war re-enactors, shit shovellers and outhouse builders.
…and business would be booming again.
You’re saying there aren’t Democrats with diabetes, shit shovelers and outhouse builders? The fattest people I’ve ever seen were black women, and I don’t recall many of them being Republican supporters. Actually most of them likely are on welfare… because they “ain’t got time for that” when it comes to work.
Are you a Republican?
Compared to what?
Debbie Jellinsky: [meeting Gomez] Isn’t he a lady killer!
Gomez: Acquitted!
Nice Dodge.
In the medical field, we call those morbidly obese sheboons “Million Dollar Mamas” , because by the time they finally die from congestive heart failure, diabetes, high blood pressure, etc. etc. etc, they’ve cost the taxpayer about that, on average. And its all Medicaid and Medicare.
This is why I hate hypocrites that go into medicine. They profess a calling, but they are nothing more than glorified mechanics working on people they way they would an old car. Screw them. They make great Republicans. This is why we need universal health care. We need to get rid of those people who don’t give a crap about the patients only their back pocket.
At least an old car an be useful. The welfare cases are invariably the most demanding, hostile and abusive, while getting care for FREE. These parasites make even worse patients than they do people.
The last time I was in a McDonalds, I’d say their customers overwhelmingly voted Democratic.
What were you doing there?
Driving cross country and the drive-thru fucked up my order and the fries were cold, not warm… cold. I had to look to see if the Apple store had an Ebonics translation app.
It might be the worst thing to eat, but still better than that gay-bashing Chrstian punk ass Chic-fillet. Golly, that place just makes my flesh crawl. Waffle fries are so 80s.
I won’t eat at Chick-fil-a anymore.
Good for you, if I have to eat fast food, Chick-fil-a is at the top of my list.
Last thing I want to do is vote with my patronage.
“Golly, that place just makes my flesh crawl.”
Maybe you should stop making out with your boyfriend there.
They should probably stop trying to market to blacks, that’ll probably increase their bottom line.
That was the tip of the spear chucking marketing plan with the whole “I’m lovin it!” theme and it’s probably hurt them. Little did Mickey D’s ubermensch over in Germany know their little joke about the schwarzer was going to hurt sales.
ha ha… “spear chucking” ha ha..
I aims to please.
They can’t…..sales of “special sauce” would drop precipitously.
I like McDonalds when I am travelling. But now there are so many choices. I never go to McDonalds for lunch when I can go to Panera, K&W Cafeteria, a deli, a French bistro, or eat Mexican.
And when in the Atlanta Airport – can’t pass up Krystals.
It’s been a while since i’ve gone through Hartsville but the last time i did there was a “soul food” chain that had killer black-eyed peas and cornbread. I’ve forgotten what it was called and there were several of them at different terminal wings
Much better eats than the other run of the mill airport terminal food joints.
Popeyes. Eat there every time I accompany Mark Sanford to Buenos Aires – Maria has these two cousins, and they like to, well, I can’t really say here. But it’s awesome.
I don’t think it was a Popeyes but they did offer fried chicken among other stuff.
The chow tasted pretty much like home made southern food and there was a pretty good variety.
if i saw it again, I’d know it. you went down the line kinda like a mini version of a K&W Cafeteria
In the old days just about everyone agreed the perfect combination would be McD’s fries and BK’s “Whopper”
Like others have posted when the economy is tanking , McD’s demand is up and inverse during a recovery.
Plus, it could very well be that McD’s has matured as a business model and is on a natural and expected decline from a plateau.
I rarely eat at McD’s anyway unless it is “road food” while crusing down the interstate on the way to vacation and just want something to tide me over.
Can’t account for taste or the lack there of.
I recall there being some studies back in the early 90s that McDonald’s does best in recessions, and sales drop during expansions because people can afford to eat better food.
Maybe Liz can write a review.
If McDonalds wants a fix to their problem, go back to cooking fries in lard instead of whatever they cook them in now.
So how does a company that pays their workers less per hour than the cost of my meal not outperform everyone? Oh yeah, that’s right, I can’t afford a $10 hamburger anymore. Hmmm.
If they’d sell the McRib all year round,they wouldn’t have any problems.
Have you seen what that shit is made of? It’s the shit that they can’t put in Vienna Sausages.
I know.Beef heats,tripe,hearts,and all.I once tried the potted meat food product,and it took my breath away,literally.I thought I was gonna die.
Maybe they just sell them occasionally,so they don’t get in trouble w/food inspectors.
Never understood how McDonalds was so popular….the fries are passably tasty,but the only thing that would probably be fouler than their burgers would be a piece of hammered shit between two toadstools.