McDonald's earnings fall 17% as coronavirus leads to restaurant closures, plunging sales

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Good. It might provide an opportunity for people to try some real food , bypassing this putrid, poisonous rubbish .

Hahaa is McDonald’s our main source of meat? How about we all realise McDonald’s is trash and invest in farming at its source.

YUM Brands say they are OK. It seems panic varies.

Why!? McDonald's doesnt use real meat anyway

The last time this happened to McDonalds was during Nixon’s wage and price controls. Beef became so rare, they bought their own herds of cattle. Another republican Roger Stone president. 🤔

GOOD TIME TO buy here for this company Mcdonald's i believe higher prices in stock is coming.

Reality check posted by the Big M. This is what most retailers and food operators are going to post. Q2 will be worse😱

But will they ever be able to serve edible fresh buns without plastic and Roundup within the ingredients wrapped around a hot burger and not the usual bone chilling cold? Will they ever serve food worth serving? Of course not. MacDonalds

Employees at McDonalds talk a lot when handling food. Spit accidentally spurting from the mouth of one employee when talking to someone made me think if it was really worth the risk

Trump will bail them out

Trump must have cut back on his Big Macs.

How many attempted downgrades before an upgrade do you have planned?

Bullish

As expected. No surprise here.

wait till 2q - going to be horrendous

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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. Executive leadership should take 50% pay cut
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »