The fried chicken sandwich wars aren’t over yet because McDonalds is about to join in the commotion too. The crispy chicken sandwich is new on the menu for this golden arch.
It is made of fried chicken filet with butter on and sliced pickles on a potato roll.
It also is putting on the menu a deluxe version of the said sandwich. This time, it will have tomatoes, lettuce, and mayo in the bun. Two cities have become testing centers for these two sandwiches. They are Knoxville, Tennessee, and Houston, Texas. They are available now until the 26th of January next year.
The news about the latest chicken sandwich was tweeted “Houston. Knoxville. Lunch tomorrow? No beef and followed with a more specific reply. Our two new delicious chicken sandwiches!”.
The fast-food added “The Crispy Sandwich is topped with butter and crinkle-cut dill pickles while the Deluxe is topped with tomatoes, lettuce, and mayo. Both served on a tasty buttery potato roll.”
This chain has already a McChicken available, but yet it didn’t fill up to the taste expectation of their customers. It doesn’t give a lot of excitement to the palate as compared to the rivals Popeyes and Chick-fil-A.
Through this new recipe of fried chicken sandwich, the giant fast-food joint is expecting that they would be able to lure more customers.
These chicken sandwiches have been known to be a booster to these customers of fast-food chains.
Popeyes, owned by Restaurant Brands International, offered its fried chicken sandwich this summer and unbelievably was sold out after two weeks of its launch.
They brought it back in fall and once more have made long queues of customers and even have become a trending buzz in the social media. Popeye’s helped its same-store sales increase by 10% during the last quarter.
Whereas Chick-fil-A has steady growth, the chain added 1000 joints all over the country. It tripled its sales for the last ten years and now has a total of 1,989 stand-alone restaurants and 363 licensed units (located in nontraditional stadium, amusement park, university locations, and the likes). This company garnered the 5th spot in terms of restaurant chains’ annual revenues, next to McDonald’s. McDonald’s has around 14,000 restaurants in the US.
The board of National Owners Association, a group of McDonald’s franchisees that was formed in 2018, communicated, “A favorite, that our customers want, is a chicken sandwich. Unfortunately, they have to go to Chick-fil-A for it.”
The letter added Chick-fil-A’s results demonstrate the power of chicken. Yes, we have great Chicken McNuggets, and our McChicken is an excellent product. But we do not compete in the premium chicken sandwich category, either grilled or crispy”.
They felt that this is a significant threat and that this chicken sandwich should be a priority. Because of the plea, McDonalds reinvented a more southern-like chicken sandwich. In October, they announced, “we are inspired by the customer demand for premium chicken sandwich and are working closely with our franchisees to deliver what our customers want. Stay tuned.”
China: Luckin Coffee Shares Fall After $310M Potential Fraud
Luckin Coffee has disclosed on Thursday that they made an internal investigation, and its chief operating officer fabricated their sales in 2019 by 2.2 billion yuan ($310 million).
The shares plummeted by 80% after they released the filing.
The Chief Operating Officer, Jian Liu, and other employees who were reporting to him were engaging themselves in misconduct and are now suspended.
The company will be taking legal action for people who took part in it and are responsible for those conducts. Jian could not be found anymore for an interview.
Luckin is a two and a half-year-old company and has goals to overtake Starbucks in China, the top coffee chain currently in the country.
The investors are not relying on their previous financial statements and earnings, which were released for nine months. They announced earlier that heir net sales for the first nine months of 2019 were 2.9 billion yuan ($413 million).
In their statement, “As a result, investors should no longer rely upon the company’s previous financial statements and earnings releases for the nine months ended September 30, 2019, and the two quarters starting April 1, 2019, and ended September 30, 2019, including the prior guidance on net revenues from products for the fourth quarter of 2019, and other communications relating to these consolidated financial statements.
The company said that its investigation is still at its initial stage, and its independent auditor does not verify estimates of the fabrication of sales. Kirkland & Ellis will do their counseling and FTI Consulting for forensic accounting expertise.
Back in January, the Muddy Waters Research said that they found something fraudulent with their business.
On its official Twitter page, it said, MW is short $LK. We received an unattributed 89-page report alleging $LK is a fraud: “number of items per store per day was inflated by at least 69% in 2019 3Q and 88% in 2019 4Q, supported by 11,260 hours of store traffic video” We view the work as credible.
However, Luckin replied and said that the seller’s report was false and misleading. The founder of Muddy Waters said Luckin shows precisely why we need short sellers in the market. We believed this report was credible when we read it, and that’s why we took a position.
This is again a wake-up call for U.S. policymakers, regulators, and investors about the extreme fraud risk China-based companies pose to our markets.”
In May, Luckin started its trade on the Nasdaq, and since then, making it to the public market, it gave the company a market value of $1.3 billion. Furthermore, the company has tried a customer-based format and offering excellent discounts to the market.
For January of this year, it already has more than 4,500 branches in China, a few hundred more than Starbucks in the country. Starbucks, on the other hand, responded to its competitiveness and opened more cafes in China for quick picks and delivery and less on seating capacities in their cafes.
Horrible Coronavirus Prank: Woman Coughs at Fresh Produce in Pennsylvania Supermarket
Despite the different challenges, the novel coronavirus has gotten to people; some still lack empathy and are unthoughtful over the welfares of others.
A woman doing her shopping yesterday at the Gerrity’s Supermarket at the Hanover Township, Pennsylvania, coughed all over the store’s fresh produce, at that time many believe they have a coronavirus and has resulted in a lot of food waste and rotten.
The owner believes that this is a twisted prank of her.
The store has to throw everything she came in contact with, including the bakery and meat case for safety and health reasons.
This nuisance and wastage cost about $35,000 and not to mention the workforce disinfecting the area together with a health inspector.
The good part was that they were able to take out the prankster from the store and contacted the authorities.
The owner said they would fill numerous charges to her. It is unclear yet if the woman is infected with the novel coronavirus.
Here is the whole post from Gerrity’s Supermarket on their Facebook page:
The post has 4700 comments, 11,000 shares, and 10,000 emoji reactions.
One Facebook user said, “Please sue her personally. Make an example of people like her so that maybe they’ll be a little more afraid to be the sorry excuses of human beings that they are. Thank you for taking precautions.”
Another one said, ” Causing or risking a catastrophe, reckless endangerment, criminal mischief and disorderly conduct -just to name a few charges she should be charged with! And TOTAL RESTITUTION!”
Billboard HOT 10
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