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McDonald's reported a sharper-than-expected 1.5% drop in global sales for the third quarter, its steepest decline in four years. The burger chain's struggles stem from muted demand across key markets, including the US and Europe , compounded by the fallout from a deadly E. coli outbreak in the US. The company’s shares were down 2.4% before the market opened, despite beating profit expectations. The E. coli outbreak, linked to slivered onions in Quarter Pounders , led McDonald's to temporarily halt serving the burger in 20% of its US restaurants . The outbreak has caused 75 infections and one death, further dampening US sales recovery efforts. Customer visits in the US dropped sharply in late October, raising concerns about the near-term impact of the outbreak on sales. International markets also saw a 2.1% decline , particularly in France , the UK , and China , as consumers cut back on spending. Additionally, the Middle East conflict and boycotts over McDonald...

McDonald’s Corp has announced the return of its popular Quarter Pounders to restaurant menus across the US this week, following an E. coli outbreak that sickened dozens and resulted in one death. The burgers will be served without onions , which have been identified as the likely source of the contamination. The fast-food giant temporarily removed Quarter Pounders from about 20% of its 13,000 US locations as part of an investigation into the outbreak. However, McDonald’s confirmed that its beef patties were not the cause, after multiple tests conducted by the Colorado Department of Agriculture found no traces of E. coli in samples from both fresh and frozen beef. “The issue appears to be contained to a particular ingredient and geography,” McDonald’s stated, assuring customers that any contaminated products have been removed from the supply chain. Taylor Farms , the supplier of the slivered onions, has also recalled several batches of the product. McDonald’s US President Joe Erlin...

Taylor Farms , a McDonald’s Corp supplier, is recalling batches of yellow onions produced at its Colorado facility due to a deadly E. coli outbreak . While no traces of E. coli have been found yet, the company decided to recall the products as a precautionary measure . Taylor Farms supplied onions to McDonald’s restaurants that are part of an ongoing multistate health investigation . The recall affects major food distributors, including US Foods Holding Corp and Sysco Corp , which have contacted their customers about the potential contamination. Sysco confirmed that six of its 330 distribution centers were impacted. McDonald’s is investigating the source of the outbreak, which has led to dozens of illnesses, one death, and 10 hospitalizations across 10 states. The company suspects slivered raw onions used in its Quarter Pounder burgers as the likely source but has not ruled out beef as a possible cause. As a result, McDonald’s has pulled Quarter Pounders from 20% of its US res...

  Wall Street's main indexes fell on Wednesday, as rising US Treasury yields and losses in McDonald's and Coca-Cola impacted investor sentiment. The 10-year Treasury yield climbed to a three-month high, raising concerns over the potential size of future Federal Reserve interest-rate cuts , as strong economic data suggests a less dovish stance from the central bank. "When you get a 10-year Treasury yield at 4.25%, it pressures the stock market, slowing down the rally and causing some nervousness," said Robert Pavlik, senior portfolio manager at Dakota Wealth. Rate-sensitive growth stocks were among the hardest hit, with Nvidia down 1.8% and Apple slipping 0.5%. The tech-heavy Nasdaq saw a 0.47% decline, while the S&P 500 and Dow Jones also fell by 0.34% and 0.57%, respectively. McDonald's slumped 6.1% following an E. coli outbreak linked to its Quarter Pounder hamburgers, which resulted in one death and multiple illnesses, dragging down the Consume...

  McDonald's reported a surprising drop in global sales on Monday, marking its first decline in 13 quarters. The decline is attributed to consumers seeking lower-priced menu options and avoiding higher-priced items like the Big Mac amid persistent inflation. Key Takeaways: Sales Decline: Global comparable sales fell 1% in the second quarter, against expectations of a 0.5% increase. This is McDonald's first global sales drop in more than three years. Overall revenue, however, rose by 1%. Consumer Behavior: Inflation has led lower-income consumers to opt for more affordable food options at home. This shift has pressured fast-food chains to rely on value meals to attract customers. US Performance: US comparable sales fell 0.7% for the quarter ended June 30, compared to a 10.3% increase a year ago. The $5 meal deal launched in June performed above expectations and is set to continue into August. International Markets: Sales in international markets, which constitute nearly half...