The lukewarm consumer response to tests in the U.S. combined with the significant capital outlay for oven equipment played a considerable part in the decision to delay (if not desert) this initiative.
More Quotes from John Glass:
The coffee market in the United States is the fastest-growing segment within fast food. McDonald's recognizes this and wants to capitalize on it. It's surprising it's taken the company this long.John Glass
The company has been grooming Bell for that role and he's certainly become more of a public face of the company recently.
John Glass
Certainly if you bought it last March, it was cheap. It was a value stock. It is generally regarded as a well-run company with a big return on investment. Buffett likes beaten-up names and things you can feel, touch and literally eat. It fits his profile pretty well.
John Glass
It's not a perfect world. There were some problems with the doughnut and coffee shops the logistics were a little challenging. But I don't necessarily think ... that it has to be a hot doughnut.
John Glass
McDonald's will have to prove that it is not a one-trick pony in terms of its sales trends. Europe is getting better. This is a market that's almost as strong as the U.S. and accounts for as much as 40 percent of profits. But psychologically for investors, the U.S. market has to continue to do well in order for the stock to hold up.
John Glass
We're finally really playing for something. We control our own destiny.
John Glass
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