McDonald's posts first loss

[homesteadmamma]

Here is a quote from the Brandon Sun in regards to this:

[QUOTE]
McDonald's Corp. has announced the first quarter loss in its history, a $343.8 million US deficit reflecting an asortment of charges and writeoffs aimed at helping it pull out of an unprecedented slump.

This news help push its stock from above $30 US a share as recently as last summer, under $15 for the first time since 1995.

The burger giant said it is closing 719 under performing restaurants - primarily in the US and Japan.

But it is not giving up on expansion, disclosing plans to open another 850 traditional McDonald's restuarants, 380 of its smaller "satellite" facilities and 150 partner-branded restaurants in 2003.
[QUOTE]

There is more, but you get the picture. Amazing what it happening to the long standing companies in our countries.

Any thoughts on this?

[SewCrafty]

Mainly that it is scary! The McDonald's in the next town is fairly new, it is right next to the high school and right off the ramp from the highway so they get a ton of business!

It probably helps that they are 1 of the 3 fast food places in this small country town. The other 2 are Arby's and Subway and both of these are usually busy too.

[PennyPinchinPam]

I hardly eat there anymore. I'm not surprised their sales are dropping it goes along with the quality of the food and quality of the service.

[MJsLady]

I think it also can be due in part to the unhealthful fare they offer.
Lots of peple are now paying more attention to what they eat.
Our mcds here have horrid service and the food is rarely cooked well.