McDonald's will spend big on restaurant upgrades, training to drive growth

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McDonald's on Wednesday announced plans for its own media network, pricey restaurant upgrades and ways to win over GLP-1 users during an investor presentation at its Chicago headquarters. In June, the company unveiled its newest growth strategy , McDonald's > NEXT. The pillars of the plan include a new restaurant design, better-tasting food and drinks, consumer-led innovation, and improved hospitality from employees. But until Wednesday, executives had offered few details about how they would implement the plan and how it may affect its financial results over the coming years. The shifts come as McDonald's U.S. business tries to rebound from sluggish sales and as consumers hit by years of elevated inflation visit restaurants less often. The chain aims to win over more diners at a time the company expects inflation and flat traffic to restaurants overall will persist, CEO Chris Kempczinski told CNBC. The plan and Kempczinski's comments did not impress Wall Street, as...
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Stocks making the biggest moves premarket: Alibaba, Quest Diagnostics, On Holding, GameStop & more

Stocks making the biggest moves premarket: BABA, DGX, ONON, GME Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines before the bell: Alibaba Shares popped more than 3% after CEO Eddie Wu said at the company's Apsara Conference that Alibaba Cloud plans to operate more than 20 gigawatts of data centers globally by 2032, according to FactSet. He also launched the Zhenwu V900 chip. Quest Diagnostics , Labcorp Holdings The two providers of diagnostics services dropped more than 5%, each, after the Centers for Medicare & Medicaid Services released a report showing that Medicare has been paying 16% more for laboratory services than private payors. The federal entity said that it will align most Medicare payments with the private sector rates. Vicor Shares rallied 9% after the power electronics company issued third quarter guidance, saying it forecasts sequential revenue growth of more than 20% quarter over quarter, versus prior guidance of nearly 10%. On Holding The Swiss sportswear company jumped more than 6% after On at its Investor Day set new midterm financial targets, including absolute net sales reaching at least CHF5.6 billion by 2029, and gross profit margin of 65% throughout the period. It also said it will repurchase up to an aggregate of $1 billion in Class A ordinary shares by December 2029. It also reiterated its full year 2026 outlook. GameStop The meme stock gained 3.5% after CEO Ryan Cohen disclosed a purchase of 1.2 million shares.

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