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Skye Anderson

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business1 month ago•30 min saved

McDonald's taps Skye Anderson as US chief as Q2 growth slows

McDonald's posted 1.3% global same-store sales growth in Q2 (below consensus) with US comps up 0.8% (below expectations), and named Skye Anderson as president of McDonald's USA as part of its McDonald’s Next growth plan. Management cited execution and menu-mix issues—such as the rollout of a new value menu and too many new items—that pressured service times and customer satisfaction. Adjusted EPS rose to $3.32 on $7.1B revenue, and the stock remains down year-to-date ahead of a September investor meeting.

via Yahoo Finance|

#business #earnings #mcdonalds

business1 month ago•2 min saved

McDonald's taps Skye Anderson to helm U.S. operations

McDonald’s has named Skye Anderson, a 26-year veteran who previously led Global Business Services and most recently served as COO of McDonald’s USA, as president of its U.S. business, succeeding Joe Erlinger (who will advise through early 2027). Anderson previously led the U.S. West Zone, delivering more than 30% same-store-sales growth and about $100,000 higher per-unit cash flow. The company posted a Q2 earnings beat but revenue missed estimates, with U.S. same-store sales up 0.8% and traffic down, as it pushes a growth plan focused on menu innovation, value, and redesigned restaurants.

via CNBC|

#business #earnings-beat #leadership-change

company-earnings1 month ago•12 min saved

McDonald's growth cools as shoppers tighten budgets

McDonald's posted slower growth in Q2, with global same-store sales up 1.3% (US +0.8%), revenue of about $7.1B and adjusted EPS of $3.32, missing some estimates. Growth cooled as budget-conscious consumers remained under strain, with traffic pressures and the lapse of the Minecraft offering weighing on results. The company also named Skye Anderson president of McDonald's USA, as Joe Erlinger departs after more than two decades. Shares are down roughly 13% this year, and analysts view the September investor meeting as pivotal for long‑term growth through asset investments and menu innovation.

via Yahoo Finance|

#company-earnings #earnings #mcdonalds