McDonald's CEO on Q4 2017 Results - Seeking Alpha
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January 31, 2018
January 30, 2018
WSJ on McDonald's Q4
"But some franchisees worry the strategy isn't sustainable. In a recent anonymous survey conducted by Instinet, many McDonald's franchisees in the U.S. said they fear low-price
items will eat into their profits, especially as commodity prices rise. One franchisee said
the new menu is "good for buying guest counts" but isn't likely to be profitable. Another predicted that the new dollar menu won't last the year."
Value Meals Drive McDonald's Sales
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items will eat into their profits, especially as commodity prices rise. One franchisee said
the new menu is "good for buying guest counts" but isn't likely to be profitable. Another predicted that the new dollar menu won't last the year."
Value Meals Drive McDonald's Sales
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But First a Word From the Accountants...
“The fight for talent continues,” Chief Executive Officer Stephen Easterbrook said on
a conference call following Tuesday’s earnings report. “It’s going to get increasingly
challenging to attract the talent you want into your business, and then you’re going
to work really hard through training and development to retain them.”
Spoken by the guy who downsized all of the knowledgeable McDonald's people.
McDonald's Menu Gets Hit by Labor Costs - Bloomberg
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a conference call following Tuesday’s earnings report. “It’s going to get increasingly
challenging to attract the talent you want into your business, and then you’re going
to work really hard through training and development to retain them.”
Spoken by the guy who downsized all of the knowledgeable McDonald's people.
McDonald's Menu Gets Hit by Labor Costs - Bloomberg
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January 29, 2018
$1,2,3 Menu Should Boost SSS
Analyst David Palmer at RBC Capital knows more than McDonald's Operators -
"Contrary to franchisee commentary, RBC Capital Markets think McDonald’s pricing
strategy is maintaining average check totals.
The ‘barbell’ approach of $1 any size soft drink and premium priced Signature Crafted sandwiches has recently been helping the chain deliver traffic-driven growth, but with a
stable check,” analysts wrote in a note published Monday."
McDonald’s earnings: ‘$1 $2 $3 Dollar Menu’ should give same-store sales a boost - MarketWatch
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"Contrary to franchisee commentary, RBC Capital Markets think McDonald’s pricing
strategy is maintaining average check totals.
The ‘barbell’ approach of $1 any size soft drink and premium priced Signature Crafted sandwiches has recently been helping the chain deliver traffic-driven growth, but with a
stable check,” analysts wrote in a note published Monday."
McDonald’s earnings: ‘$1 $2 $3 Dollar Menu’ should give same-store sales a boost - MarketWatch
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January 28, 2018
January 26, 2018
January 25, 2018
Erasing McDonald's History: People Edition
What's the fastest way to change an organization's culture?
Dilute the culture with entirely new people.
The recent memo from McDonald's Oak Brook's Melissa Kersey lists five people who
have been hired into important positrons in the company. Only one of the five have
any McDonald's experience.
Who better to reinvent McDonald's than people who know nothing about McDonald's?
And Melissa Kersey, the person making these announcements? She's been with McDonald's
for a little over 90 days.
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Dilute the culture with entirely new people.
The recent memo from McDonald's Oak Brook's Melissa Kersey lists five people who
have been hired into important positrons in the company. Only one of the five have
any McDonald's experience.
Who better to reinvent McDonald's than people who know nothing about McDonald's?
And Melissa Kersey, the person making these announcements? She's been with McDonald's
for a little over 90 days.
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January 24, 2018
January 23, 2018
CNBC Covers Latest Operator Survey and $1,2,3, Menu
Franchisees said that McDonald's new $1 $2 $3 Dollar Menu will likely
drive sales in the first part of the year, but many fear that the new menu
will drive checks lower, diminish the franchisees' ability to control menu
prices and raise their food costs. The new menu kicked off at the start
of January.
drive sales in the first part of the year, but many fear that the new menu
will drive checks lower, diminish the franchisees' ability to control menu
prices and raise their food costs. The new menu kicked off at the start
of January.
"The $1 $2 $3 Dollar Menu does give customers choices, but it isn't
profit-oriented," one franchisee told Nomura Instinet. "It's good for
buying guest counts."
McDonald's franchisees see Dollar Menu boosting sales in early 2018profit-oriented," one franchisee told Nomura Instinet. "It's good for
buying guest counts."
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January 22, 2018
January 20, 2018
Gaunt Leadership
it, they're gone by the time you can memorize their image.
But, I recently stumbled across a nearly full length picture of the current USA president. All I can say is - Dude, EAT something!
You can't hang around a restaurant company looking like you were just released from a prisoner of war camp.
It would not be good for the brand's image if a top QSR executive weighed
in at 300 pounds.
Conversely, a QSR executive should at least "appear" to enjoy the food they're selling. Plus, one can't be the Alpha Male of a large organization if you haven't gained a pound since middle school.
I suggest the President Donald J. Trump diet - a couple of Big Macs, a couple of Filet-O-Fish, and a few milk shakes or McFlurrys - three or four times a week.
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January 16, 2018
January 14, 2018
January 12, 2018
January 11, 2018
January 9, 2018
Deep Thoughts on Field Consultants
For decades McDonald's operations people progressed from McOpCo store management
to McOpCo supervisor to field consultant. The consultant level acted as a filter to select those who had the qualifications to work with McDonald's franchisees in future positions.
Not everyone with solid store operations experience has the temperament or persuasive
skills to work with franchisees. A trial run in field service kept the wrong people from moving up the corporate ladder.
Most importantly, the previous system sorted out the worst consultants - the "control freaks". People who thought they could treat McDonald's Operators like McOpCo store managers.
But today, McDonald's is developing a new culture of control freaks. Not only are control freaks preferred, but they are hired off the street and placed in the highest positions in
the company.
to McOpCo supervisor to field consultant. The consultant level acted as a filter to select those who had the qualifications to work with McDonald's franchisees in future positions.
Not everyone with solid store operations experience has the temperament or persuasive
skills to work with franchisees. A trial run in field service kept the wrong people from moving up the corporate ladder.
Most importantly, the previous system sorted out the worst consultants - the "control freaks". People who thought they could treat McDonald's Operators like McOpCo store managers.
But today, McDonald's is developing a new culture of control freaks. Not only are control freaks preferred, but they are hired off the street and placed in the highest positions in
the company.
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Speaking of Dunkin'
Former McDonald's guy Dave Hoffman has hired former McDonald's zone president
Rick Colon.
Dunkin' press release is HERE
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Rick Colon.
Dunkin' press release is HERE
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January 8, 2018
January 6, 2018
Desperately Seeking Field Consultants
How can McDonald's Corp. be short on Field Consultants? This has to be a
deliberate act. Were the former Field Consultants too easy on McDonald's
Operators?
deliberate act. Were the former Field Consultants too easy on McDonald's
Operators?
Or, is this an effort to pirate away the long term employees of McDonald's Operators?
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- From Glassdoor.com
- From Portland ME
McDonald’s is looking for a Field Operations/Franchise Business Consultant for the New England region. The role consults with an assigned group of Owner/Operators to deliver QSC superiority and improved customer experience, in order to maximize sales, guest counts, and cash flow. A successful Consultant will consistently demonstrate McDonald's values and leadership behaviors to build positive business relationships with key stakeholders including Owner/Operators, Corporate and Functional Partners for the primary goals of delivering a great customer experience. The role will report to a Field Service Manager.
This role is based in Portland, Maine.
Requisition Number 5744BR
Country United States
EOE Statement McDonald’s Corporation is an equal opportunity employer committed to a diverse and inclusive workforce.
Job Type full-time
Minimum Requirements
· 5+ years of Restaurant Operations experience at the Supervisor level managing more than one location- Quick Service/Quick Casual Industry Preferred.
· Business Degree
· Ability to Communicate Effectively and Build Relationships
· Strong Business Writing Skills
· Quick Learner
Benefits
A job with McDonald’s offers the flexibility you need to succeed at work, and the experience it takes to grow into a Leader! Other Benefits include for this role include:
Highly Competitive Salary and Bonus program
· Company Car including Fuel card and Insurance
· Company- Matched 401k Savings Plan
· Company paid Cellphone
· Tuition Assistance
· Highly Competitive Medical/Dental/Eye/Life Insurance Packages
· Company Laptop
· World Class Paid Time off Program
· Earned Sabbatical Time
· Professional Development Resources
· Access to Diversity Networks
State Maine
Responsibilities
· Conducts restaurant evaluations (i.e. ROIP) for assigned Owner/Operators including consulting with the Owner/Operators to develop agreed upon action plans to address restaurant system opportunities.
· Identifies priority Owner/Operators and restaurants based on Quality/Service/Cleanliness (QSC), customer facing metrics and demand potential.
· Consults collaboratively with each Owner/Operator to improve execution of restaurant systems and to deliver short and long term business results (QSC, customer facing metric and demand potential).
· Recommends and coordinates assistance from regional support staff and peer Owner/Operators to optimize business results when appropriate (e.g. construction, finance, real estate, training, HR, marketing, technology, and other subject matter experts).
· Proactively provides recommendations to Owner/Operators on how to leverage resources and opportunities to improve business results (e.g. new initiatives, upgrading equipment, new technology advantages)
· Provides feedback and support (e.g. Owner/Operator training, system information) to Owner/Operators to ensure Gold Standard Execution of Local Store Marketing (LSM) and national marketing initiatives across all restaurants in the Owner/Operator organization.
Operator Relationships
· Utilize consulting skills, critical thinking, franchisor resources and experience to diagnose root cause(s) for QSC opportunities and deliver appropriate recommendation(s) to resolve. Provide appropriate support (i.e. coaching, collaborative or resource referral) based on recommendations.
· Demonstrates knowledge of the National Franchising Standards and applies to hold Owner/Operator accountable to consistently meeting franchisor standards. Includes providing consulting support to Owner/Operator to cure and improve compliance.
· Offers feedback, based on quantitative and qualitative information, to provide current recommendations on growth and rewrite status to the Field Service Manager based on the 6 national franchising standards.
· Provide feedback and assists in the evaluation of assigned Owner/Operator candidates as needed.
Job Title Franchise Business Consultant
City Portland
January 5, 2018
January 4, 2018
January 3, 2018
January 2, 2018
Then There's This Analyst Who Says - Not So Much
Concerned about financial engineering and new Dollar Menu.
McDonald's 'Signature Sandwiches' Signal Weakness: Why Are You Still 'Lovin' It'?
McDonald's 'Signature Sandwiches' Signal Weakness: Why Are You Still 'Lovin' It'?
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