– Advertisement – Still, the company reminded investors of the ongoing uncertainty as a result of the coronavirus crisis. It said it would continue to evaluate its financial expectations and will provide updates if warranted.Earlier on Monday, the company reported its third-quarter results, topping analysts’ estimates for both its earnings and revenue. McDonald’s U.S. business saw same-store sales return to growth in the quarter, boosted by popular promotions, like its deal on rapper Travis Scott’s favorite order and the limited-time spicy McNuggets.McDonald’s shares were recently up nearly 4% in premarket trading. The stock, which has a market cap of nearly $167 billion, has risen nearly 10% since the start of the year.- Advertisement – McDonald’s incoming U.S. President Chris Kempczinski speaks during a press conference in New York November 17, 2016.Shannon Stapleton | Reuters As the coronavirus pandemic has upended both McDonald’s business and the broader restaurant industry, the company is taking note of how consumer behavior has changed. Its new strategy unveiled to investors on Monday doubles down on such trends, like customers’ preference for core menu items and the surge in drive-thru orders.With its digital sales expected to exceed $10 billion this year, the company is planning to launch “MyMcDonald’s” across its six top markets by the end of next year. The new platform will tie together McDonald’s various tech investments, like its app and digital menu boards, and make it easier for customers to order and pay for their food. McDonald’s will test a loyalty program in the Phoenix area as part of the plan.The company said it plans to take advantage of the strength of its drive-thru lanes by testing automated order taking, drive-thru lanes only for digital orders and a restaurant design without any indoor dining. McDonald’s also said that the “vast majority” of new restaurants in the United States and its International Operated Markets segment, which includs France and the United Kingdowm, will have drive-thru lanes.The pandemic has also pushed McDonald’s customers to return to their classic menu items, like the Big Mac or McNuggets. The company said that its core menu items account for about 70% of its sales. It’s planning on tweaks to improve the taste of its burgers, like toasting the buns golden brown and changing how they’re grilled.But chicken is growing faster than beef. In response, McDonald’s is planning to expand its line of chicken offerings, including the long-awaited launch of its Crispy Chicken Sandwich in the U.S. early next year. The sandwich is meant to rival those of Chick-fil-A and Popeyes.McDonald’s strategy also includes staying relevant for its consumers. Its famous orders promotions, like those with Scott and reggaeton singer J. Balvin, are “just the beginning.”The chain plans to roll out new packaging worldwide and an advertising campaign focused on its values and commitments to workers, suppliers and franchisees.This is breaking news. Please check back for updates.Programming Note: For more on McDonald’s, watch CEO Chris Kempczinski on “Squawk on the Street” at 10 a.m. ET Tuesday. McDonald’s said Monday it’s expecting mid-single digit sales growth in 2021 and 2022 as the fast-food giant plots its recovery from the coronavirus pandemic.Its strategy to drive sales growth includes more collaborations with celebrities, adding more chicken to its menu and piloting a loyalty program in the U.S.The company told investors that it’s expecting annual capital expenditures of $2.3 billion, about half of which will be spent building new restaurants. New locations will contribute about 1.5% to 2% to McDonald’s systemwide sales growth in 2022.- Advertisement – – Advertisement –
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COVID-19 renovation boom: How much Aussies are spending to give their houses a facelift during the pandemic
Victoria and Paul Taylor are renovating their investment property in Mitchelton. Picture: Tara Croser.Aussie families have jumped at the chance to renovate their properties during the coronavirus pandemic.New lending data has revealed just how keen Australians are to give their homes a facelift,, with the average budget coming in at a whopping $63,188.Victoria came in with the highest average renovation cost at $71,067, followed by Tasmania $67,416 and New South Wales $66,609. Queensland held the median at $60,560.ACT ($58,466), Western Australia ($54,377) and South Australia ($53,524) were below the national average renovation cost alongside QLD, according to Suncorp Bank lending data retrieved from July 2019 to June 2020.MORE: Amazing home has an entire skate park inside itExperts warn of sharp fall in house prices28-year-old buys house sight unseen, againBuilders have reported being inundated with enquiries for quotes for renovation projects.Brisbane-based builder Mitch Picklington of Mitcon Build has been inundated with construction enquiries from households during COVID-19.“We have been inundated with requests to quote for different jobs around Brisbane at the moment, whether it’s renovating one room in the house or making plans for a larger scale renovation to use the government’s Home Builder scheme.”Among the most popular requests were improvements to shared living areas, he said.“We’ve seen a surge in people wanting to expand their current living areas with an extension and refresh their outdoor entertainment area by adding a pergola, deck or even swimming pool.”AVERAGE COST OF RENOVATIONState/Territory Average AmountNSW $66,609WA $54,377QLD $60,560VIC $71,067TAS $67,416SA $53,524ACT $58,466Australia $63,118(Source: Suncorp)Suncorp data showed renovations were booming in The Gap, Burleigh Waters, Coorparoo, Elanora and Nerang in Queensland while Kellyville, Drummoyne, Miranda, Tamworth and Ballina were among those frequently renovated in New South Wales.Suncorp executive general manager consumer lending Bruce Rush said postponed holidays or events were among factors that were seeing households start planning renovations.More from newsWhizzkid buys almost one property a month during COVID-197 days agoThousands of affordable homes in limbo amid push for federal help15 Sep 2020“Many customers are keen to improve the look and feel of their home but don’t know where to start. The best way to keep a renovation on track and on budget is to do as much research as you can before getting started. Talking to your bank or broker is a good place to start to ensure you get the right finance for your renovation project.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58Victoria and Paul Taylor are among those who are planning to start renovation work, in their case on an investment property they’ve just picked up.“Our budget is $30,000 so spending on essential upgrades and upcycling as much as possible,” Mrs Taylor said. They’re saving money on the renovation by putting in a new bathroom with upcycled cast-iron bath and basin, and repainting the original 1950s kitchen rather than install a new one.“We should be done by mid October so that will be six weeks in total,” she said.Kitchens are still the most expensive part of the home to renovate but builders are reporting many requests coming in to improve living and entertainment zones.“We had been looking at purchasing an investment property for some time but nothing was jumping out at us. We found this renovators delight in Mitchelton and are taking time off to do it up rather than go on holiday. We weren’t thinking about renovating but given COVID-19 restrictions we figured we might as well put our energy and some dollars into a project that will hopefully reap rewards in the long term.”According to Suncorp’s renovation calculator, kitchens continue to be the most expensive part of the home to renovate – averaging $20,750, a bathroom around $16,250, a double carport would set a homeowner back $32,450, while a small deck costs about $4,300.Angie Brown from Randwick, New South Wales, said when COVID-19 changed her 2020 travel plans, she turned to renovations.Paul and Victoria Taylor are renovating their investment property during COVID-19. Pic: Tara Croser.“We had always planned to renovate, but COVID-19 and spending more time in our apartment than ever before made us reassess our finances, hastening up our renovation plans. It’s been nice to stay busy planning our apartment renovation, talking to our bank and having discussions with local suppliers and builders, and it has given us something to look forward to in a pretty crazy year where things haven’t exactly gone to plan.”LATEST REAL ESTATE NEWS
Front L to R: S. Christa Franzer and S. Delouise Menges Back L to R: S. Annette Grisley and S. Barbara LeonhardOldenburg, In. — The Franciscan Sisters of Oldenburg completed their Chapter of Elections on Saturday, April 15 and elected the following Sisters to lead their Community beginning July 1.Sister Christa Franzer will lead the Community of 183 Sisters as the Congregational Minister. Franzer is from Dayton, OH and is a graduate of Marian University, Xavier University, and the University of Notre Dame. She has ministered in education and currently serves in the Community’s finance office in Oldenburg and is a Marian University board member. The servant leader previously served on Council from 2006-2012, and from 1994-2000.Sister Delouise Menges will serve as the First Councilor. She is originally from Cincinnati, OH and is a graduate of Marian University, University of Notre Dame, and St. Mary’s University of Winona, MN. She has ministered in education for the past 47 years, currently at St. Veronica School in Cincinnati.Sister Barbara Leonhard will serve as a Councilor, and is originally from St. Charles, MO. Leonhard is a graduate of Marian University, Catholic Theological Union of Chicago and the Theological Union of Berkeley, CA. She currently ministers as a workshop and retreat leader and also provides spiritual direction based in Oldenburg.Sister Annette Grisley will serve as a Councilor, and is originally from Logansport, IN. Grisley is a graduate of Marian University, Xavier University and St. Mary’s College of Winona, MN, and currently serves as a Pastoral Associate at Holy Angels Church in Dayton, OH.The newly-elected governing council will serve from July 1, 2018 – June 30, 2024.
Manchester City face Barcelona tonight as they look to reach the Champions League quarter-finals for the first time.They clash at the Etihad Stadium in the first leg of the tie.The Spanish side knocked the Premier League title holders out at the same stage 12-months ago. Juventus are at home to Borussia Dortmund in the night’s other game.
The final score at McDonagh Park in Nenagh was Tipp 1-11 Offaly 0-11They now go into the national final, which is expected to take place next month.The second semi final to decide who Tipperary’s opposition will be will take place tonight.