McDonald's CEO: job losses impact breakfast business

[UpInArms]

Source: Reuters

BOSTON (Reuters) - High unemployment has had "some impact" on the breakfast business at McDonald's Corp (MCD.N) as fewer people pick up food on the way to work, Chief Executive Jim Skinner said on Tuesday.

The impact has been inconsistent, reflecting the uneven path of unemployment across the nation, Skinner told reporters after a Chief Executives Club of Boston lunch.

"It depends on the market. In areas where you have extraordinary unemployment, and people are not up and about in the morning, you're going to have some fall-off," he said.

U.S. unemployment is flirting with 10 percent -- the highest level in roughly three decades -- and many investors have worried what impact that would have on McDonald's high-margin breakfast business that accounts for around 25 percent of U.S. sales.

Read more: http://www.reuters.com/article/businessNews/idUSTRE59Q47020091027?feedType=RSS&feedName=businessNews

[skoalyman]

1. job losses impact breakfast business

:think:

[UpInArms]

2. thanks, skoalyman!

I felt like it would get at least one:

you call that news?

post

:shrug:

[SpiralHawk]

3. You call that breakfast?

Eat enuf of them eGG mcPuPPies and U gunna look like some kinda cLaRencE tHomaS kLoNe, and mayBe even mutate your bRaiN seLLs so you gots RepUBliCON tHinK, or sum other sOUl sICKnesS. DISgustaPATING.

[UpInArms]

4. now that just makes me want to

[SpiralHawk]

6. Whoa. Ick A. Bod. Lose your breakfast, but don't lose your head.

[UpInArms]

8. but ... what a night

[TheCowsCameHome]

10. Oh man, was he listening to Limbaugh while drinking?

[UpInArms]

11. upon checking - this is the limbag listener response

[Grassy Knoll]

5. No pity here !

[Canuckistanian]

7. In other News... Iceland Loses Its Last Few McDonald's

REYKJAVIK, Iceland — The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.

Iceland's three McDonald's restaurants – all in the capital Reykjavik – will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.

"The economic situation has just made it too expensive for us," Magnus Ogmundsson, the managing director of Lyst Hr., McDonald's franchise holder in Iceland, told the Associated

Read more at: http://www.huffingtonpost.com/wires/2009/10/26/iceland-says-goodbye-to-t_ws_334198.html

:party: :toast: :woohoo:

[corkhead]

9. Sounds like a good step toward health reform to me.

[Liberal_in_LA]

12. Makes sense

[Union Yes]

13. Oh no. A SLAVEOWNER's profit margins are threatened!