Yesterday marked the surprise departure of McDonald’s CEO Don Thompson, who has been blamed for the fast food giant’s failure to reverse increasing drops in sales from quarter to quarter. This quarter was no exception, and just over a week ago McDonald’s returns failed to meet expectations, hitting 1.13 and missing projections by 0.03. The new leadership, however, has already renewed investor faith in McDonald’s future after Steve Easterbrook took over as CEO. Stocks jumped over 5% yesterday as a result of Easterbrook’s ‘back to basics’ plan, which is believed will help McDonald’s to turn its losses around in future quarters.
January 30, 2015 – Stock Market News
Yesterday marked the surprise departure of McDonald’s CEO Don Thompson, who has been blamed for the fast food giant’s failure to reverse increasing drops in sales from quarter to quarter. This quarter was no exception, and just over a week ago McDonald’s returns failed to meet expectations, hitting 1.13 and missing projections by 0.03. The new leadership, however, has already renewed investor faith in McDonald’s future after Steve Easterbrook took over as CEO. Stocks jumped over 5% yesterday as a result of Easterbrook’s ‘back to basics’ plan, which is believed will help McDonald’s to turn its losses around in future quarters.