Revenue jumped 14% to $6.2 billion in the July-September period, the Chicago burger giant said Wednesday. That beat Wall Street’s forecast of $6 billion, according to analysts polled by FactSet.
McDonald’s follows other chains including Chipotle, which said Monday that it will raise workers’ pay to an average of $15 per hour by the end of June.
The 52 plaintiffs, who owned around 200 U.S. stores before being forced to sell them over the last decade, are seeking compensation of $4 million to $5 million per store, according to the lawsuit, which was filed Tuesday in federal court in Chicago.
McDonald’s files a lawsuit against its former CEO, who was ousted last fall. That story and more with Crain’s Chicago Business Editor Ann Dwyer.
McDonald’s says it’s suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence.
McDonald’s says it will be requiring customers to wear face coverings when entering its U.S. restaurants as the number of new virus cases continue to surge in many states.
The National Labor Relations Board has ruled in McDonald’s favor in a long-running case filed by 20 workers who were fired or faced retaliation for trying to unionize.
A group of employees from 13 McDonald’s restaurants in Chicago filed a lawsuit Thursday alleging that the company’s drive for profits puts workers at “daily risk” of physical attack by dangerous customers.
At least 50 workers have filed sexual harassment charges against the company with the U.S. Equal Employment Opportunity Commission or in state courts over the past three years.
In an email to employees, former McDonald’s CEO Steve Easterbrook acknowledged he had a relationship with an employee and said it was a mistake. He had been CEO since 2015.
McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday.
Amid fierce fast-food competition, McDonald’s home market lost momentum in the latest quarter. Bloomberg reports that same-store sales rose 5.9% globally, but the Chicago-based fast food giant is struggling to attract customers in the U.S.
McDonald’s customers might soon be giving food orders via voice recognition technology, a move that could possibly eliminate workers. That and other business news from Crain’s Chicago Business.
The Chicago-based company said Wednesday that its franchisees have committed to provide the training — a combination of online work and in-person discussions — to 850,000 employees.
McDonald’s Corp. says it’s enhancing training and offering a new hotline for workers in response to mounting allegations of sexual harassment.