Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

rail No More D B . ry 1291's. McDonald's Overhauls Its Biggest Item by Heather Haddon NEW/ 2 400 (1221398 WW-W8 .com/busmess/hos italit /mcd0nalds-bur ernew-menu-

image text in transcribed

image text in transcribed
rail No More D B . ry \"1291's. McDonald's Overhauls Its Biggest Item by Heather Haddon \"NEW/ 2 400 (1221398 \"WW-W8 .com/busmess/hos italit /mcd0nalds-bur ernew-menu- .modhos italit news article 052 Egpotnlald s decided it's had enough with dry patties and squishy buns. For the past seven years, the in at made Its name on burgers has been on a quest to improve its signature offering. ac. The two allbeef patties are cial sauce. The lettuce, cheese and e, with the The changes are now rolling out in the US, including on its Big M cooked 1n smaller batches for a more uniform sear. There's more spe plckles have been rethought to be fresher and meltier, and the bun is now a buttery brioch sesame seeds more randomly scattered for a homemade look. McDonald's is running billboards trumpeting \"our best burgers ever.\" The Hamburglar is making a comeback to star in a new ad campaign. McDonald's has held on to the sales boom that the Covid-19 pandemic delivered to quick-service restaurants, and is growing faster than its chief rivals. The company's U.S. same-store sales increased 10.3% in 2022, compared with 2.2% for Burger King and 3.9% for Wendy's. Last year, the Golden Arches earned $6.2 billion in prot. ' hing to maintain itsmomentum as the economy threatens to slow and competition grows. The US. burger market brings in an estimated $136 billion in annual food-service sales, according to research rm Euromonitor. Earlier this year, McDonald's came in 13th among US. chains based on the number of recent customers calling their burgers desirable, with only 28% of respondents saying they crave them, according to a survey of about 49,000 consumers by market research rm Technomic. White Castle led the list with 72%, and Burger King followed at 52%. casual burger chains are growing faster than traditional players, Technomic Five Guys and Shake Shack have popularized the smash-burger a spatula to produce thin, Sales for higher-end, fast- said. Newer chains like Smashburger, techniqueplacing a round wad of beef on a hot grill and mashing it at with avorful patties

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

7th edition

134738314, 9780134738116 , 978-0134738321

More Books

Students also viewed these Economics questions

Question

What is the purpose of GPS?

Answered: 1 week ago

Question

Relax your shoulders

Answered: 1 week ago

Question

Keep your head straight on your shoulders

Answered: 1 week ago

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago