Skye Anderson

McDonald’s appointed Skye Anderson as president of its U.S. business to address sluggish sales growth, which fell below expectations in Q2 despite price-reduction strategies. CEO Chris Kempczinski acknowledged execution errors, including overwhelming new product launches and unclear marketing, but maintained the strategy remains sound.

McDonald's US sales growth slowed to 0.8% in Q2 compared to 2.5% in the prior year, with CEO Chris Kempczinski attributing the decline to challenges with the new under $3 value menu and reduced digital discounts. Franchisees inconsistently implemented the menu, and the promotion-heavy quarter overwhelmed customers.

Walmart agreed to a $2.1 million settlement in Louisiana over allegations of misleading drivers and customers, while Port NOLA appointed Brad Guilmino to lead financial strategies for major projects. McDonald’s named Skye Anderson as U.S. president and outlined a global growth strategy amid mixed quarterly results.

McDonald’s reported a strong second-quarter profit of $2.36 billion and announced Skye Anderson as the new president of McDonald’s USA. U.S. same-store sales rose 0.8%, though slower than the previous year, while global sales increased 1.3%. The company cited high gas prices and consumer concerns about the U.S.-Iran conflict as challenges.

McDonald’s reported a strong second-quarter profit of $2.36 billion, surpassing analyst expectations, and appointed Skye Anderson as president of McDonald’s USA. Revenue increased to $7.1 billion, though slightly below estimates, with U.S. same-store sales rising 0.8% amid concerns over high gas prices and consumer anxiety.

McDonald's reported a second-quarter profit of $2.36 billion with earnings per share of $3.38, exceeding analyst expectations. The company named Skye Anderson as president of McDonald's USA amid cautious U.S. consumer spending and rising gas prices.

McDonald's reported a strong second-quarter profit with $2.36 billion earnings, a new chief for U.S. operations, and global same-store sales up 1.3%. U.S. same-store sales grew 0.8%, down from 2.5% a year earlier, as high gas prices and consumer anxiety impacted sales.