McDonald's Corp, the world's largest hamburger chain, said US sales rose 9.9 percent in July, driven by demand for new salads and McGriddle breakfast sandwiches.
Sales at US restaurants open at least 13 months increased for the fourth straight month after declining for more than a year, the Oak Brook, Illinois-based company said in a statement.
New products
The introduction of the Mc-Griddle breakfast sandwiches, a new line of US$3.99 salads served with actor Paul Newman's dressings, and increased advertising for the Big Mac, increased sales.
McDonald's has boosted employee training to help win back customers who have left for rivals such as Burger King Corp.
Meanwhile, McDonald's Holdings Co (Japan), the nation's biggest fast-food chain, said first-half profit fell 91 percent because demand for its burgers and meals contracted, prompting it to cut its full-year forecasts.
The unit of McDonald's Corp had group net income of Japanese Yen 133 million (US$1.1 million) for the six months ended June 30, compared with ?1.4 billion the previous year, the company said in a release through the Tokyo Stock Exchange.
Sales fell 7.2 percent to Japanese Yen 146.6 billion, from Japanese Yen 158 billion a year ago.
Mad cows
McDonald's Japan has struggled to win back customers after sales slumped last year as consumers avoided beef following the discovery of Japan's first mad-cow case in September 2001 and didn't recover amid a stagnant economy.
Sales fell for a 22nd straight month in July, by 4.4 percent, the company said today.
The company cut its full-year net income forecast 47 percent to Japanese Yen 2 billion from a February prediction of 3.96 billion yen.
It now expects to post sales of Japanese Yen 303.4 billion, 7.5 percent lower than its earlier forecast of Japanese Yen 328 billion.
The hamburger chain is closing some locations to improve profits at nearby outlets, introducing new menus and revamping stores to try to lure customers back.
McDonald's has so far tried a meatier burger and a tofu sandwich and is now relying on a new spicy Korean-style burger to raise sales.
Change of command
In May, the company appointed McDonald's Corp executive Pat Donahue as its first non-Japanese chief executive officer after reporting its first annual loss in three decades in February.
McDonald's Corp chief executive James Cantalupo was brought out of retirement in January to replace Jack Greenberg, whose expansion strategy hurt sales by shifting McDonald's attention away from quality control at existing restaurants, investors said.
CREDIT-GRABBER: China said its coast guard rescued the crew of a fishing vessel that caught fire, who were actually rescued by a nearby Taiwanese boat and the CGA Maritime search and rescue operations do not have borders, and China should not use a shipwreck to infringe upon Taiwanese sovereignty, the Coast Guard Administration (CGA) said yesterday. The coast guard made the statement in response to the China Coast Guard (CCG) saying it saved a Taiwanese fishing boat. The Chuan Yu No. 6 (全漁6號), a fishing vessel registered in Keelung, on Thursday caught fire and sank in waters northeast of Diaoyutai Islands (釣魚台). The vessel left Keelung’s Badouzih Fishing Harbor (八斗子漁港) at 3:35pm on Sunday last week, with seven people on board — a 62-year-old Taiwanese captain surnamed Chang (張) and six
RISKY BUSINESS: The ‘incentives’ include initiatives that get suspended for no reason, creating uncertainty and resulting in considerable losses for Taiwanese, the MAC said China’s “incentives” failed to sway sentiment in Taiwan, as willingness to work in China hit a record low of 1.6 percent, a Ministry of Labor survey showed. The Directorate-General of Budget, Accounting and Statistics (DGBAS) also reported that the number of Taiwanese workers in China has nearly halved from a peak of 430,000 in 2012 to an estimated 231,000 in 2024. That marked a new low in the proportion of Taiwanese going abroad to work. The ministry’s annual survey on “Labor Life and Employment Status” includes questions respondents’ willingness to seek employment overseas. Willingness to work in China has steadily declined from
The number of pet cats in Taiwan surpassed that of pet dogs for the first time last year, reaching 1,742,033, a 32.8 percent increase from 2023, the Ministry of Agriculture said yesterday, citing a survey. By contrast, the number of pet dogs declined slightly by 1.2 percent over the same period to 1,462,528, the ministry said. Despite the shift, households with dogs still slightly outnumber those with cats by 1.2 percent. However, while the number of households with multiple dogs has remained relatively stable, households keeping more than two cats have increased, contributing to the overall rise in the feline population. The trend
ESWATINI VISIT: Taipei condemned Beijing’s coercive tactics after Seychelles, Mauritius and Madagascar unexpectedly revoked overflight permits for the president’s aircraft President William Lai (賴清德) has postponed an official trip to Eswatini, after several countries in Africa revoked overflight permits following “intense pressure” from China, a senior aide said yesterday. Lai was due to visit the Kingdom of Eswatini from today to Sunday for the 40th anniversary of King Mswati III’s accession and his 58th birthday. Eswatini is among Taiwan’s 12 remaining diplomatic allies and the only one in Africa. “According to sources, the Seychelles, Mauritius and Madagascar unexpectedly and without prior notice revoked the charter’s overflight permits,” Presidential Office Secretary-General Pan Men-an (潘孟安) told a news conference. “The real reason is that the Chinese