Report: McDonald’s Has First Drop In Sales Since COVID-19 Era
A McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024. McDonald’s has extended its $5 meal deal in most U.S. locations after an initial four-week period, and the fast-food icon says the deal is bringing customers back to its restaurants. (Photo by Mario Tama/Getty Images) By James Myers, OAN […]
McDonald’s sales decline for first time in years as higher fast food prices hurt demand
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. McDonald’s has struggled to attract cash-strapped customers amid rising menu prices, leading to its first sales decline in years. McDonald’s CEO Chris Kempczinski said the company’s system has “endured significant inflationary cost increases” over the […]
McDonald’s reports first drop in sales since 2020
Burger giant McDonald’s reported its first sales decline since the early days of the coronavirus pandemic on Monday as it struggles to attract cash-strapped customers due to rising menu prices. The Chicago-based fast-food chain, which introduced a $5 value menu last month to lure customers, said second-quarter U.S. same-store sales fell 0.7 percent and revenue […]
AUD/USD rebounds above 0.6550 ahead of Australian Retail Sales – FXStreet
In early Asian trading on Monday, AUD/USD remained in positive territory around 0.6555. U.S. PCE inflation rose 2.5% year-on-year in June, highlighting the improving inflation environment. A more hawkish stance from the RBA may support the Australian dollar. In early Asian hours on Monday, the AUD/USD pair is trading in an uptrend around 0.6555. Growing […]
Deckers shares soar after profit forecast hike on strong Hoka, UGG sales
Shares of Deckers Outdoor Inc. soared as much as 17% on Friday after several brokerages raised their price targets after the company bet on full-price sales of its best-selling Hoka running shoes and Ugg boots to boost its full-year profit forecast. Shares of clothing company Deckers Outdoor surged on Friday after the company raised its […]
Champagne Sales Drop 15%, Industry Blames World Malaise
Champagne sales have fallen this year, with French industry executives believing the world is in a slump with less to celebrate. “LVMH has a champagne problem” Reports Business Insider. “Chief Financial Officer Jean-Jacques Guiony thinks that could be because people are celebrating by opening bottles less.” In the first two quarters of 2024, sparkling wine […]
Home sales slump in June as prices hit another record high
U.S. existing home sales fell more than expected in June and the median home price hit a record high again, but improving supply and lower mortgage rates raised hopes that home sales may recover in coming months. The National Association of Realtors said on Tuesday that home sales fell 5.4 percent at a seasonally adjusted […]
Caitlin Clark, Angel Reese lead huge spike in WNBA merch sales
Caitlin Clark and Angel Reese made huge contributions to the WNBA, setting television ratings records and selling out arenas with their on-court play during their rookie seasons. Now you can add increasing product sales to that list. WNBA Retail Partners, An enthusiastic fan told TMZ The company announced Tuesday that sales for the first half […]
Porsche Eases Off Transition to Electric Vehicles amid Low Sales
German luxury car maker Porsche is slowing down its transition to electric vehicles as it takes longer than planned. The company announcement The automaker set a goal on Monday of making 80% of its sales electric vehicles by 2030, according to Reuters. It is worth noting that the Porsche Taycan has been described as a […]
US Home Sales Hit 13-Year Low as Prices Soar to Record Highs
U.S. existing home sales fell to the lowest level since 2010 last month as sellers waited for lower mortgage rates and buyers were discouraged by soaring prices. Existing home sales fell 5.4% from May to an annualized rate of 3.89 million, according to data released Tuesday by the National Association of Realtors (NAR), marking the […]