A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:. Earnings per share: $2.97 adjusted vs. $3.07 expected. Revenue: $6.49 billion vs. $6.61 billion expected. The...

McDonald’s earnings, revenue miss estimates as consumer pullback worsens

Reuters

(Reuters) -McDonald's reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs.

McDonald's sales fall globally for first time in more than three years

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

If you’ve been keeping an eye on the retail scene, you might have heard that Rite Aid is getting close to hitting a major rough patch. The pharmacy chain filed for Chapter 11 bankruptcyChapter 11 bankruptcy protection back in October 2023, and things haven’t been looking too rosy since then.

A major retailer is edging closer to a dire situation: Chapter 11 bankruptcy

Here’s a story that’s making waves in the retail world: Conn's HomePlus, a well-known discount furniture chain, has just filed for Chapter 11 bankruptcy. And the news isn’t just about numbers—it’s about real people and places, so let’s dive into what’s happening.

Another retail giant has just filed for Chapter 11 bankruptcy and is shutting down several stores.

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

IHOP is bringing back its all-you-can-eat pancake promotion, available starting today through Sept. 15. The chain typically features this deal at the beginning of the year, when consumers are tightening their wallets following the holidays, but IHOP has adjusted its marketing calendar in response to industry-wide traffic erosion. The company...

IHOP adjusts the timing of its all-you-can-eat pancake deal to meet consumer demand

Georgia State

Douglas, GA

Daily Coffee Press

Last week, a 32-year-old was arrested on trafficking charges after allegedly fleeing from a traffic stop and abandoning the vehicle with a child in the passenger seat. The chase resulted in the discovery of 230 grams of methamphetamine, which the suspect allegedly threw out while fleeing on foot. According to local detectives, the vehicle the suspect was driving was registered to NFL football player Tyreek Hill.

Man Driving Vehicle Registered to Tyreek Hill Arrested on Drug Trafficking Charges in Douglas

Total Apex Sports & Entertainment

Kim Kardashian and Kanye West are two of the biggest celebrities in modern times. While much of the happenings between the two involved their marriage and divorce, there are bigger things for them to focus on. Most notably their children.

Kim Kardashian and Kanye West’s Son Diagnosed With Rare Skin Condition

Now that Red Lobster is in the process of getting a new owner, the chain’s post-bankruptcy financial situation is becoming clearer. The sale, which will likely be approved Sept. 5 during a hearing on the matter, will transfer ownership of the restaurant chain to an entity formed by existing lenders, including Fortress Credit Corp.

Red Lobster expects positive net income by fiscal 2026

Vodafone Group predicted a stronger performance from its business unit across the remainder of its fiscal 2025 after service revenue growth for the division slowed during its opening quarter, a period in which its overall metrics trended upwards. The operator’s Business unit booked service revenue growth of 2.6 per cent...

Vodafone holds the line with opening quarter gains

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More. Align Technology sees adjusted EPS and revenue rise...

Align Technology EPS Rises in Q2 2024

Virginia State

Wendy's birthday was spent away from her loved ones. Virginia Wendy Williams fans, the latest update is not encouraging. The former talk show host turned 60 on July 18 without any of her loved ones around. According to Yahoo, family members remain "out of bounds" and have no access to Wendy as she battles dementia and progressive aphasia.

The family of talk show diva Wendy Williams were unable to celebrate her 60th birthday by her side

The Motley Fool

These three growth stocks have what it takes to compound your wealth over many more years.

3 Soaring Stocks to Hold for the Next 20 Years

Alabama State

Today, The Coca-Cola Company reported its complete and detailed second-quarter 2024 financial results. Overall, the Coca-Cola Company is showing a 3% growth in net revenues to $12.4 billion, which is being heavily driven by a 15% increase in its organic revenues. The company’s operating income also increased by 10%, and...

Coca-Cola Releases Full Second-Quarter Financial Reports

Chipotle Mexican Grill shares surged in extended trading Wednesday after the restaurant chain reported better-than-expected results for the second quarter. The chain's revenue and earnings grew from the year-ago period and beat analysts' estimates. The results marked Chipotle's first earnings report since its stock split last month. Chipotle Mexican Grill...

Chipotle Stock Surges as Earnings, Revenue Top Estimates

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More. Hasbro delivered mixed results in its Q2 2024...

Hasbro's Q2 Revenue Dips, Gaming Surges

Nation’s Restaurant News (NRN) announced that it has partnered with market research firm Ipsos to publish the QSR/Fast Casual Digital Ordering Performance Study, benchmarking digital order-ahead capabilities at some of the nation’s largest limited-service restaurant chains. The report, which will publish in the fall, will analyze modern challenges...

Nation’s Restaurant News report to highlight digital ordering performance in QSR, fast casual

Camden, NJ

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Heartland Express recently released its Q2 earnings, which saw a net loss of $3.5 million. FreightWaves’ Todd Maiden writes, “This was Heartland’s fourth consecutive quarterly net loss when excluding one-time gains from the sale of real estate. It booked $25.6 million in gains from the sale of three terminals in the fourth quarter, which are viewed as nonrecurring benefits.”

Heartland Q2 earnings: Nowhere to go but up

Illinois State

Chicago, IL

Foodie in Chicago

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

NewsBreak

Consumer pullback turns McDonald’s sales negative for the first time since COVID

McDonald’s reported second quarter results Monday before market, which included the chain’s first same-store sales decline – both domestically and internationally – since the throes of...

Consumer pullback turns McDonald’s sales negative for the first time since COVID

Comments / 0