Instead of focusing on opening new stores, the company is investing on improving its existing stores, ... Second, McDonald's is doing a good job with product innovation and improving quality. It's a philosophical change whereby instead of selling burgers cheaply, it's now selling better menu items at a higher price and consumers are paying for it.
More Quotes from John Glass:
We're finally really playing for something. We control our own destiny.John Glass
The lukewarm consumer response to tests in the U.S. combined with the significant capital outlay for oven equipment played a considerable part in the decision to delay (if not desert) this initiative.
John Glass
The coffee market in the United States is the fastest-growing segment within fast food. McDonald's recognizes this and wants to capitalize on it. It's surprising it's taken the company this long.
John Glass
They've chosen not to invest as aggressively as other companies, but also they're not seeing the same sales ramp. You know 17 million in sales this year, that's not really a huge number,
John Glass
McDonald's will have to prove that it is not a one-trick pony in terms of its sales trends. Europe is getting better. This is a market that's almost as strong as the U.S. and accounts for as much as 40 percent of profits. But psychologically for investors, the U.S. market has to continue to do well in order for the stock to hold up.
John Glass
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