
Image Courtesy of McDonald’s
McDonald’s Holiday Pies Are Coming Back for a Limited Time
November 14, 2024
McDonald’s has announced the return of a fan-favorite holiday sweet treat for a limited time.
PEOPLE is reporting that the holiday pie will be available again “for a limited time only” in a few locations starting on Friday, Nov. 15, including Seattle, Los Angeles, St. Louis, New York City, Cleveland, Memphis, and Dallas.
A smooth, creamy custard is baked into a buttery, flaky crust and topped with rainbow sprinkles and sugar for a festive delight.
Since its initial release in 1999, 25 years ago, McDonald’s customers have eagerly anticipated the delicious pie every Christmas season.
On Sunday, Nov. 10, Instagram user Markie Devo reported that some individuals had already noticed the pie at their local McDonald’s, even though it isn’t expected to appear at most restaurants until Friday. It is currently available at several locations in Iowa, Kentucky, Michigan, Arkansas, and Pennsylvania, he claimed.
After that, more Instagram users left comments on his photo stating that they had visited Northern Virginia and Los Angeles to see the Christmas dessert. Users in Arizona, Colorado, and Florida, meanwhile, voiced their displeasure that the pies were not available in their states.
McDonald’s Shares Are Falling
Despite the fast-food giant’s best efforts, a recent report revealed that its shares were falling in price after the company revealed that, for the second consecutive quarter, global revenues fell in Q3 2024.
According to Seeking Alpha, the stock market did not appear to be doing well when the fast-food behemoth released its Q3 2024 report on Tuesday, Oct. 29. In contrast to the consensus forecast of -0.7% by analysts, the restaurant giant’s worldwide comparable sales experienced a 1.5% decline.
In Q2, comparable sales in the U.S. grew by 0.3%, which was somewhat higher than the growth objective of 0.2% that was anticipated. Comparable sales numbers showed slightly negative comparable visitor counts, which somewhat offset the average check gain. Due to strong restaurant-level execution, successful value and marketing campaigns that highlighted the main menu, and continuous advancements in digital and delivery, comparable sales figures were somewhat stronger.
Consolidated operating income decreased by 1% during the quarter and on a constant currency basis. EPS was $3.23, down from $3.19 in the previous year.
Chris Kempczinski, CEO of McDonald’s, said the fast-food giant will continue to use the Accelerating the Arches strategy created by the Chicago-based company in order to achieve long-term development globally and thrive in this environment. In 2024, McDonald’s anticipates more than 1,600 net restaurant openings, a 90% free cash flow conversion rate, and an operating profit rate of mid-to-high 40%.
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