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McDonald's names company veteran Skye Anderson as new US head after sales miss
McDonald's replaced its U.S. business head after missing sales growth expectations. Skye Anderson, a company veteran, now leads McDonald's USA effective immediately. The CEO cited execution lapses and overwhelmed restaurant crews for the performance. A new under-$3 menu and digital discount cuts also impacted sales negatively. Anderson will now steer the company's turnaround strategy called McDonald's > NEXT.
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cnbc.com
McDonald's earnings beat estimates, chain announces new U.S. head to accelerate growth
McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
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apnews.com
McDonald's posts strong second quarter profit, names new chief of US operations
McDonald’s posted a strong profit in its second quarter and named a new chief of U.S. operations as sales in the U.S. continue to be impacted by Americans’ cautious spending.
