Saturday, January 29, 2022

McDonald’s sales haven’t been this good since Bill Clinton was president

(CNN) — Higher prices and chicken sandwiches are helping boost McDonald’s sales. But earnings disappointed Wall Street Thursday morning. Last year, sales at US stores open at least 13 months jumped 13.8%, the largest annual increase since McDonald’s started reporting comparable sales in 1993, the company said Thursday. In the fourth quarter, US sales jumped 7.5%, thanks in part to menu price increases, powerful digital sales and menu items like the crispy chicken sandwich and the limited-time McRib, which became available for purchase on November 1. Last year, McDonald’s made McRib NFTs to mark the product’s 40th anniversary. McDonald’s, along with other restaurants, has been hiking prices as inflation grows. 

The new Morea adds a touch of the Mediterranean to Fort Lauderdale beach

“I was in Greece,” recalls owner Lou Moshakos. “And while I was driving ... I had to stop at a toll booth and I saw the name, MorĂ©a. I thought that sounds like a great name. And that’s how we chose the name. You know, sometimes we toss around a name, and no one seems to agree. And this one, it was very easy to come up with. We all agreed.”