for subscribers

McDonald's boosts customer traffic in key milestone for CEO

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

New York - McDonald’s is getting customers back into its restaurants after years of declining traffic, helped by drink deals and more upscale burgers.

The company saw an increase in US diners last quarter - a key milestone that has proved elusive to CEO Steve Easterbrook - and posted same-store sales that handily beat analysts’ estimates. The shares rose most in three months, hitting a record high.

The results mark a victory for the 49-year-old CEO, who has been working to overhaul McDonald’s for the past two years. Even after he managed to increase sales at the world’s largest restaurant chain -- helped by higher prices - it’s taken longer to get more people in the door.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.37
(-0.09)
ZAR/GBP
20.50
(-0.03)
ZAR/EUR
18.21
(-0.02)
ZAR/AUD
11.26
(-0.37)
ZAR/JPY
0.15
(-0.01)
Gold
1831.56
(-0.23)
Silver
23.49
(-0.07)
Platinum
935.00
(+0.92)
Brent Crude
45.51
(+2.15)
Palladium
2329.48
(+0.01)
All Share
57354.78
(+0.36)
Top 40
52665.15
(+0.36)
Financial 15
11452.78
(+1.01)
Industrial 25
80024.95
(+0.13)
Resource 10
51996.11
(+0.43)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 310 votes
No, I did not.
51% - 739 votes
My landlord refused
27% - 397 votes
Vote