The earnings report is bleak: The company’s global sales dropped by 2.3 percent and there was an 11 percent decrease in total revenues. Bloomberg adds that same store sales fell by 2.6 percent this quarter and net income fell by 33 percent.
However, McDonald’s says it has a plan to turns its financial struggles around. The chain’s new CEO Steve Easterbrook notes in the report: “We are developing a turnaround plan to improve our performance and deliver enduring profitable growth… We look forward to sharing the initial details of this plan on May 4.” Bloomberg predicts that part of McDonald’s grand plan to bounce back focuses heavily on the chain’s breakfast menu. Currently, it accounts for about 25 percent of the chain’s domestic sales. McDonald’s started testing all-day breakfast in 94 stores in San Diego this month, which the chain hopes will give it a leg-up in its breakfast wars with competitors like Taco Bell.
A financial analyst tells Bloomberg that McDonald’s may continue to aggressively cut costs in order to turn around their fiscal issues. This means that McDonald’s may not increase the wages of its employees more than the recent dollar per hour raise it issued. This is not good news for the chain’s workers — many of whom live in poverty and are dependent upon public assistance — who are fighting for a $15 per hour paycheck.
McDONALDS TO SHUTTER HUNDREDS OF STORES AS IT BLEEDS MONEY
- McDonald’s Reports First Quarter 2015 Results [McDonald's]
- McDonald’s Vows to Unveil Turnaround Plan as Slump Persists [Bloomberg]
- McDonald’s All-Day Breakfast Test Does Not Include McGriddles and Biscuits [E]
- All McDonald’s Coverage [E]
NESARA- Restore America – Galactic News
Source: http://nesaranews.blogspot.com/2015/04/mcdonalds-to-shutter-hundreds-of-stores.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,111,711 |
| Stories: | 8,447,251 |
Whistler Blowers, Insiders
