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McDonald's U.S. Sales Slow as New President Takes Charge

New York Times Business •
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McDonald's has named a new presidentRating of its U.S. operations, a move aimed at injecting focus and urgency into a comprehensive outlet overhaul. The decision follows a period of sluggish sales growth amid shifting consumer habits.

The newly appointed leader, Kevin O'Connor, previously guided the company's global franchise strategy and is expected to spearhead initiatives that modernize menus, streamline service, and tighten cost controls across the United States.

Analysts note that the fast‑food giant faces a challenging environment as diners grow more price‑conscious. The company’s sales in 2023 slipped by 3% compared to the prior year, prompting a strategic pivot toward value‑centric offerings and digital engagement.

McDonald's is also testing store‑format pilots and enhancing its digital platform to capture a broader customer base. While the new leadership signals a renewed commitment to growth, the road ahead will test the chain’s ability to adapt quickly in an increasingly competitive landscape.