McDonald's said in early April that same-store sales fell 3.4% during the first quarter.
McDonald's said in early April that same-store sales fell 3.4% during the first three months of the year.McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY.on Thursday said its first-quarter earnings fell 17% as the coronavirus pandemic led to restaurant closures and plunging sales.Here's what the company reported for the quarter ended March 31:The global fast-food chain reported fiscal first-quarter net income of $1.
In the United States, quarterly same-store sales were nearly flat after March same-store sales plunged 13.4%. The company has made tweaks to its U.S. menu, including pulling all-day breakfast, to simplify operations within restaurants. About 99% of U.S. restaurants are open, as of Thursday, but nearly all are operating drive-thru, delivery and takeout only.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
17 Of The Best Candles You Can Get At NordstromThe other candles in your drawers are shaking.
Read more »
Lyft to lay off 17% of staff, furlough hundreds more amid coronavirus - Business InsiderLyft is cutting nearly 1,000 jobs and furloughing 288 others, it said Wednesday. The company said that its executive leadership is taking a 30% pay cut, with vice presidents seeing a 20% reduction and 'all other exempt employees' taking a 10% cut.
Read more »
NTSB: Missouri Duck Boat Sinking That Killed 17 Could Have Been AvoidedA fatal duck boat accident that killed 17 people in 2018 likely would not have happened if the U.S. Coast Guard had acted on recommendations made after a similar tragedy over two decades ago, NTSB investigators say.
Read more »
Cuyana Makes Comfy Clothes and Useful Bags, and These Are the 17 Things I WantI first discovered Cuyana when I tried one of Meghan Markle's favorite tote bags. It's my go-to for work and, honestly, everywhere else. The more I started
Read more »
17 'Shark Tank' Products That Would Make Excellent Mother's Day GiftsWelcome to the Shark Tank, mom.
Read more »