While McDonald's appears to be thriving in the downturned economy, it appears to have had an adverse affect on the McDonald's competitor, Jack in the Box. Jack in the Box is reported to be closing 40 of its' stores by October 3rd. These closures are reportedly due to poor Return on Investments. See full article below:
http://www.forbes.com/2010/09/29/jack-in-the-box-to-close-40-restaurants-marketnewsvideo.html
Meanwhile, MCD's stock price went up slightly today and closed at $74.51 up $0.06 or (0.08%).
http://www.google.com/finance?q=mcd
It amazes me that after all these years of working for McDonalds and watching them from a distance later, they still can be competitive after the "kangaroo meat" scare, the obesity nonsense, and the beef grease in the fries. Since the 1950s, McDonalds still shows that it is #1 when it comes to longevity.
ReplyDeleteMcDonald's is one of those places you hate to love but you do anyways. People know how bad it is for you but we still continue to go! haha People want want they can't have or aren't suppose to have!
ReplyDeleteI used to think that too. That I always wanted McD's because it was so bad for me. Now I have a child with an egg allergy and that is one of the only places that has egg-free chix nuggets, needless to say, I avoid it like the plague.
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