McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip in sales, with management saying the company is feeling the same pressures as much of the quick-service restaurant (QSR) market....
Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer spending are likely the key reasons, though there could be another reason diners might be shunning quick-service restaurants, or QSRs....
California Governor Gavin Newsom has signed a new bill into law that raises the minimum wage for fast-food workers in the state to $20 an hour. This move also grants these workers a greater say in setting workplace standards, Reuters reported Friday (Sept. 29). The legislation emerged...
Payments has by and large been a growth business for the last half decade or so, and that fact has been mappable in scores of innovations around the world. But, as PYMNTS’ Karen Webster pointed out, for all of those advances, one is conspicuously missing from...
July 29, 2024
McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip in sales, with management saying the company is feeling the same pressures as much of the quick-service restaurant (QSR) market. “Beginning last year, we warned of a more discriminating consumer, […]
July 21, 2024
Restaurant stocks have been struggling this summer, though it’s not quite clear why. As Seeking Alpha reported Sunday (July 21), weakening consumer confidence and consumer spending are likely the key...
September 29, 2023
California Governor Gavin Newsom has signed a new bill into law that raises the minimum wage for fast-food workers in the state to $20 an hour. This move also grants...
