McDonalds US sales jump boosted by allday breakfast

by The Associated Press Posted Apr 22, 2016 6:31 am MDT Last Updated Apr 22, 2016 at 3:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email This Sunday, Jan. 10, 2016, photo shows the sign on the McDonalds on 42nd Street near Times Square in New York. McDonald’s reports financial results Friday, April 22, 2016. (AP Photo/Gene J. Puskar) McDonald’s US sales jump, boosted by all-day breakfast NEW YORK, N.Y. – McDonald’s said U.S. sales jumped in the first quarter as it raised prices, worked on improving service and benefited from the popularity of its all-day breakfast menu.Sales rose 5.4 per cent at established U.S. locations, marking the third straight quarter the figure has climbed.As part of its push to stage a comeback, McDonald’s CEO Steve Easterbrook said the company is sparing no detail in looking at ways to step up operations. He noted the company is even increasing the font size on receipts for special requests to ensure the orders are accurate.The most notable change, however, has been the company’s launch of an all-day breakfast menu in the U.S. last fall. The company also introduced a “McPick 2” value deal this year to draw the price-conscious customers it had lost after abandoning the Dollar Menu.The shake-up in its flagship U.S. market comes after McDonald’s conceded that it failed to keep up with changing tastes, and saw customer visits decline.Still, the chain is under pressure from intensifying competition. Burger King, Wendy’s and Taco Bell are introducing new menu items and deals, while Subway is going back to playing up the freshness of its sandwiches.McDonald’s also did not provide details on how much of its sales increase came from higher spending, versus an uptick in customer visits. The latter measure is considered a key indicator of a restaurant chain’s health.Easterbrook said only that customer visits were “positive,” but that he’d “like to see greater strength there.”The company, based in Oak Brook, Illinois, said it lifted pricing by more than 3 per cent in the U.S during the quarter.The company’s results also benefited from the closure of underperforming stores. That means those stores no longer drag down sales at established locations, a closely watched gauge. The figure measures only sales at stores open at least 13 months to strip out the impact of store openings and closings.The shuttering of underperforming locations also means McDonald’s domestic store base of more than 14,200 locations is set to shrink for the second straight year, following decades of expansion.For the quarter, McDonald’s said global sales rose 6.2 per cent at established locations. The International Lead unit, which includes established markets such as the U.K. and Australia, saw growth of 5.2 per cent.The High Growth unit, which includes China, saw sales increase 3.6 per cent.Profit rose to $1.1 billion, or $1.23 per share. That’s 7 cents better than analysts had expected for per-share earnings.Revenue was $5.9 billion, also topping Wall Street expectations.McDonald’s shares were up 38 cents at $126.17 in midday trading. read more

Matt LeBlanc signs £15 million twoyear Top Gear hosting deal

first_imgMatt will replace Chris Evans as lead host of the show after he quit following a series of gaffes Matt LeBlanc has signed a new deal to front the motoring show on his ownCredit:Gus Gregory Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Matt LeBlanc has signed a brand new Top Gear hosting deal worth around £1.5 million after the BBC lost Great British Bake Off to rival Channel 4.The former Friends star, 49, has agreed to a two-year deal after negotiations with the BBC to front the motoring show on his own. Matt will replace Chris Evans as lead host of the show after he quit following a series of gaffesCredit:Alex Howe Matt LeBlanc has signed a new deal to front the motoring show on his owncenter_img This means he is the first star to sign up to a loophole preventing his salary being made public under the Government’s proposed White Paper changesTop Gear series 24 returns to BBC Two next year. LeBlanc’s one-series contract expired in June and according to The Sun, the BBC has now agreed to work around filming of the actor’s US sitcom Man With a Plan.Matt’s role on the show will see him replace main host Chris Evans, 50, who quit in July following criticism from fans. He will carry out the celebrity interviews and be helped out by Eddie Jordan, 68, Sabine Schmitz, 47, and motoring journalists Chris Harris, 41, and Rory Reid, 36.A BBC spokesperson said: “Having proved a big hit with viewers when he co-hosted the most recent series of Top Gear, American iconic actor Matt LeBlanc has agreed a two series deal with the BBC.”Patrick Holland, Channel Editor for BBC Two said: “I am thrilled that Matt is returning to Top Gear. He’s a huge talent whose love of cars is infectious. I can’t wait for the series to return to BBC2 next year.” BBC TV controller Charlotte Moore is believed to have agreed the deal, which will see most of Mr LeBlanc’s salary paid through the broadcaster’s commercial arm BBC Worldwide.last_img read more