McDonalds.... losing money? First quaterly loss...

[Phuz]

CHICAGO (Reuters) - McDonald's Corp. (NYSE:MCD - news) posted its first-ever quarterly loss on Thursday as the company that popularized fast food absorbed the costs of closing hundreds of restaurants and scaled back its profit growth targets.

Link

Must be all of those obesity law suits...

 

[pyonir]

or because the food sucks.

 

[Maetryx]

It's trading for $15 right now, with a p/e ratio around 12. Well. It was 12. It's negative once they update it. It is kind of amazing that they actually posted a loss. Especially $340 million in one quarter...

 

[Maetryx]

On another note, I'm going to kick this guy's ass:

"Many of their markets have been super-sized for too long," said U.S. Bancorp Piper Jaffray analyst Allan Hickok. "They're going to skinny them down."

I lost 10 points of IQ reading his "analysis".

 

[ElFenix]

jeez, i could be an analyst and come up with better puns than that.

 

[SherEPunjab]

Originally posted by: pyonir
or because the food sucks.

companies need to stop with the advertising and just focus on food quality and standards.

there is a mcdonalds on every block in america, they dont' NEED t.v. commercials or stupid radio commercials. they need to spend the money on making their food taste better.

Wendy's OWnz Mickey D's.

 

[da loser]

maybe they'll change for the better and look at in n out, wendy's, sonic, or whataburger and find out their food sucks. i mean with their resources, they should be able to kill those places and still make a handsome profit. perhaps their executives haven't eaten in a mcdonalds for a long time and don't know how bad their food is. burger king too

 

[charrison]

Originally posted by: pyonir
or because the food sucks.

That sums it up.

I got called McDonalds survey people about 6-12 months ago, and they more questions about the effectiveness of their advertising than the quality of their food.

 

[charrison]

Originally posted by: da loser
maybe they'll change for the better and look at in n out, wendy's, sonic, or whataburger and find out their food sucks. i mean with their resources, they should be able to kill those places and still make a handsome profit. perhaps their executives haven't eaten in a mcdonalds for a long time and don't know how bad their food is. burger king too

I dont know how mcdonalds can survive with a whataburger around the corner

 

[ElFenix]

Originally posted by: da loser
maybe they'll change for the better and look at in n out, wendy's, sonic, or whataburger and find out their food sucks. i mean with their resources, they should be able to kill those places and still make a handsome profit. perhaps their executives haven't eaten in a mcdonalds for a long time and don't know how bad their food is. burger king too

yeah thats what i don't get... all these other places charge the same amount for food and are much better than either the king or mcd's. its not like i never see sonic or whataburger or jack in the box ads either.

of course... mcdonald's corp's profits were always tied to collecting franchise fees... they can't do that when they've saturated the market and theres new competitors coming in.

 

[ElFenix]

Originally posted by: charrison

Originally posted by: da loser
maybe they'll change for the better and look at in n out, wendy's, sonic, or whataburger and find out their food sucks. i mean with their resources, they should be able to kill those places and still make a handsome profit. perhaps their executives haven't eaten in a mcdonalds for a long time and don't know how bad their food is. burger king too

I dont know how mcdonalds can survive with a whataburger around the corner

whataburger's chicken strips = ownage

 

[charrison]

Originally posted by: ElFenix

Originally posted by: charrison

Originally posted by: da loser
maybe they'll change for the better and look at in n out, wendy's, sonic, or whataburger and find out their food sucks. i mean with their resources, they should be able to kill those places and still make a handsome profit. perhaps their executives haven't eaten in a mcdonalds for a long time and don't know how bad their food is. burger king too

I dont know how mcdonalds can survive with a whataburger around the corner

whataburger's chicken strips = ownage

Dont forget the sealed ketchup cups. So much better than ketchup in bags.

 

[ElFenix]

Originally posted by: charrison

Dont forget the sealed ketchup cups. So much better than ketchup in bags.

that is the best ketchup ever! i don't know why its so good but its by far the best. nothing else even comes close. sometimes, i'll eat it by itself!

 

[Zugzwang152]

bah, mcdonalds fries still own. who can dispute the king of the uncoated fry.

 

[charrison]

Originally posted by: Zugzwang152
bah, mcdonalds fries still own. who can dispute the king of the uncoated fry.

They may have good frys, but they have crappy burgers.

 

[SherEPunjab]

true dat. whataburger strips are good, but the real treat is the country gravy!

 

[Adul]

Originally posted by: charrison

Originally posted by: Zugzwang152
bah, mcdonalds fries still own. who can dispute the king of the uncoated fry.

They may have good frys, but they have crappy burgers.

true

in-n-out burger anyone

 

[LAUST]

Good, get that dogfood out of here

 

[charrison]

Originally posted by: LAUST
Good, get that dogfood out of here

I would not feed my dog that junk.

 

[Thegonagle]

Originally posted by: ElFenix
of course... mcdonald's corp's profits were always tied to collecting franchise fees... they can't do that when they've saturated the market and theres new competitors coming in.

That's the key reason that they're losing. They've saturated their market. Pissing off the franchisees by putting up a bunch of competing corporate-owned stores within a half a mile isn't helping them either.

 

[LeStEr]

Originally posted by: Zugzwang152
bah, mcdonalds fries still own. who can dispute the king of the uncoated fry.

Those frys are damn good.

 

[RU482]

they're service sucks balls. I don't even bother going to McD's if I have to eat fast food...the food and service (i.e. getting the order correct, actually being polite to customers) is way better at Wendy's

 

[wnied]

Mcdonalds lost alot of money and customers recently (Last two quarters) in large part because their newest president who knew nothing about the business he was asked to take over, tried to "revolutionize" the way McDonalds took care of their customers. He single-handedly threw away the old ways of serving the food quickly and keeping low overhead, and switched them to a "have it your way" type of trying to please the customer by custom making each burger. Well once the losses started to get as long as the lines at the restaurants cash registers did...the rest was history...now their scrambling to try and recoop losses that McDonalds hasnt seen in a very long time.

~wnied~

 

[JellyBaby]

Haven't been to a McD's in years so blame it on me.

 

[charrison]

Originally posted by: wnied
Mcdonalds lost alot of money and customers recently (Last two quarters) in large part because their newest president who knew nothing about the business he was asked to take over, tried to "revolutionize" the way McDonalds took care of their customers. He single-handedly threw away the old ways of serving the food quickly and keeping low overhead, and switched them to a "have it your way" type of trying to please the customer by custom making each burger. Well once the losses started to get as long as the lines at the restaurants cash registers did...the rest was history...now their scrambling to try and recoop losses that McDonalds hasnt seen in a very long time.

~wnied~

I hate to disagree, but their food sucks.