Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a second straight quarter of decline in comparable sales at Burger King in the U.S. and Canada. The company’s U.S.-listed shares, which had risen about 26 per cent this year up to Friday’s close, fell as much as three per cent despite […] Read more
Tag Archives mcdonald’s — page 4
Slowing sales at Burger King push parent’s shares down
McDonald’s to remove corn syrup from buns
Reuters — McDonald’s Corp. will replace corn syrup in hamburger buns with sugar this month and has removed antibiotics that are important to human medicine from its chicken months ahead of schedule, it said Monday, moves that are part of its drive to target increasingly health-conscious consumers. The fast food company also said it eliminated […] Read more
Activists press Olive Garden on antibiotics, worker pay
Los Angeles | Reuters — Dozens of activist groups, emboldened by recent policy shifts at major U.S. restaurants, are demanding Olive Garden owner Darden Restaurants change its food and labour practices. Their sweeping agenda, part of a campaign called “Good Food Now,” includes calls for the nation’s largest full-service restaurant operator to strengthen its antibiotics […] Read more
Investor group launches campaign to curb antibiotic use in food
Reuters — Fifty-four large investors managing one trillion pounds (C$1.84 trillion) in assets have launched a campaign to curb the use of antibiotics in the meat and poultry used by 10 large U.S. and British restaurant groups. McDonalds and JD Wetherspoon were among those to receive a March 15 letter from institutions including Aviva Investors […] Read more
McDonald’s sales beat as all-day breakfast a hit
Reuters — McDonald’s Corp. reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the U.S. and demand continued to recover in China. The world’s biggest restaurant chain’s shares jumped 3.4 per cent in premarket trading on Monday. McDonald’s introduced all-day breakfasts in October in the […] Read more
Taco Bell to switch to cage-free eggs after 2016, ahead of rivals
Los Angeles | Reuters — Taco Bell said on Monday its more than 6,000 U.S. fast-food restaurants would stop using eggs laid by caged hens by Jan. 1, 2017, years ahead of the deadlines set by its bigger rivals. The announcement came amid mounting pressure on Taco Bell to remove artificial ingredients, to source products […] Read more
McDonald’s Canada to tighten antibiotic policy for chicken
Following its U.S. arm’s move this spring, McDonald’s now plans to source only chicken raised without medically important antibiotics for its restaurants in Canada by the end of 2018. And Canada’s chicken producer group says the Canadian chain’s move dovetails with a direction the Canadian industry was headed already. “McDonald’s believes antibiotics have important benefits, […] Read more
McDonald’s stock hits record high as turnaround takes hold
Reuters — McDonald’s Corp. shares hit an all-time high on Thursday after CEO Steve Easterbrook said a rebound in quarterly restaurant sales showed his turnaround plan is starting to work. Global sales at established restaurants were up a much better-than-expected four per cent in the third quarter, ending six straight quarters of flat or falling […] Read more
Subway shifting all U.S. meat supplies to no antibiotics, ever
Chicago | Reuters –– Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said Tuesday. Rivals such as Chipotle Mexican Grill and McDonald’s have announced similar supply-chain shifts, adding pressure on […] Read more
Consumers want sustainable beef, but defining that may be murky
CNS Canada –– McDonald’s plans on using sustainable beef by 2016, and intends on sourcing at least part of it from Canadian producers. The fast food giant’s latest step toward sustainability is to define what exactly that means. Defining sustainability is important, according to a beef brand officer, because in some cases it’s something consumers […] Read more
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