Independent Joe #67 April/May 2021

McDonald’s has been a model of consistency for most of its six decades of dominance in the quick-service restaurant world. Burgers, shakes and fries, prepared quickly – always tasting the way you expect, no matter where they are purchased – and at a price that’s easy to swallow. With the exception of its famous flops,…

Read More »

Miscellaneous

A recent Rasmussen Poll shows that only 31 percent of Americans actually support increasing the federal minimum wage to $15 per hour. Although other polls have indicated strong support for a higher wage across the country – 80 percent believe the minimum wage should be increased – almost 70 percent believe $15 is just too…

Read More »

What’s Brewing: $15 an Hour Minimum Wage, McDonald’s Secrets, New York

Dunkin’ franchise owners were standout performers in the challenging times that followed the arrival of the coronavirus pandemic last spring. While the rest of the restaurant industry has struggled to stay above water, Dunkin’ and other quick-service restaurants have done a remarkable job adapting to difficult circumstances, quickly shifting their focus to app-based delivery and…

Read More »

Miscellaneous

McDonalds corporate sure knows how to “rob Peter to pay Paul”, as the old saying goes. The company hosted a webcast earlier this month to advise its franchisees (Peter) that a long-time company subsidy used to keep the price of a Happy Meal down would end on New Year’s Day 2021. Further, the company is…

Read More »

McDonald’s News

McDonald’s reported Quarter 3 sales and profits above estimates earlier this week. US same store sales were plus 4.6%, with a strong September fueled by the Travis Scott meal and the spicy McNuggets LTO.  What got the most attention was a recap of its “Accelerating the Arches” strategy upcoming, which was advertised as the next…

Read More »

Competitor News

Starbucks announced last week that it was now testing a new vegan breakfast sandwich, the Plant Powered Breakfast Sandwich in the outskirts of Seattle, Washington. The company also announced that it was tying future executive compensation together with its diversity efforts. Specifically, the company has set a goal of 30% BIPOC (black, indigenous, people of…

Read More »

McDonald’s Adds Sweets To Breakfast and Workers

The Golden Arches will be dishing out sweets soon in 2 different directions and for 2 very different reasons. For the first time in eight years, McDonalds said it is adding baked goods to its breakfast menu in the hope of strengthening its weak breakfast daypart. The company announced this week that it would begin…

Read More »

Competitor News

In contrast to the more upbeat Dunkin presentation, the Starbucks CFO. Pat Grismer, also appeared before the JP Morgan Consumer Conference. He noted their US same-store sales improved from minus 19% in June to minus 11% in August. They did not expect to get back to even in the US until sometime in early 2021.…

Read More »

When It Rains, It Pours

A few weeks ago, we reported on McDonalds suing to recover severance and bonus payments paid to terminated CEO Steve Easterbrook. On the heels of that evolving storm, executives at McDonalds now have an additional matter to deal with – a federal civil rights lawsuit brought by 52 black former franchisees. In the suit, filed…

Read More »

McDonald’s Sues Former CEO Easterbrook

McDonald’s announced Monday that it would sue to recover the severance and stock options that it granted to terminated CEO Steve Easterbrook in 2019.  At that time it concluded that he exercised bad judgement only in a relationship with an employee. Evidence later was uncovered that proved he lied and destroyed evidence of more sexual…

Read More »