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Home›Global Markets›North America›McDonald's names new head for its U.S. business amid s…

McDonald's names new head for its U.S. business amid slowdown

McDonald's stock is down more than 11% this year, leaving its market cap at about $191 billion, according to CNBC World.

Reported · Written up by our desk · North America

McDonald's has named a new leader for its U.S. business as the company said its biggest market is falling short, CNBC World reported.

The outlet said the stock has declined more than 11% this year, which has dragged McDonald's market capitalization to roughly $191 billion.

CNBC Earnings also highlighted the same situation, tying the leadership change to the company’s U.S. underperformance.

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Sources

CNBC WorldMcDonald's says its U.S. business is falling short as it announces new head of its largest market
CNBC EarningsMcDonald's says its U.S. business is falling short as it announces new head of its largest market

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