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McDonald’s Appoints New US President to Turn Around Sluggish Sales
['Mallika Mitra', 'Guest Contributor To The Daily Upside']
The Daily Upside
Ba da ba ba ba, Wall Street’s not lovin’ it.
The appointment “will bring focus and urgency” to McDonald’s goal of accelerating performance in its largest market, CEO Chris Kempczinski said in a statement.
McDonald’s stock gained a little more than 1% Tuesday, though it’s still down roughly 12% year to date.
Supersized Asks: McDonald’s has thrown a lot at both franchisees and customers of late, Kempczinski admitted.
The company will work on balancing those new menu items better moving forward, he added.