(Reuters) – McDonald’s Corp (N:) said first-quarter comparable sales declined 3.4%, as the world’s largest burger chain had to shutter stores and stick to delivery or take-out due to the coronavirus outbreak across the globe.
Analysts had expected same-store sales to drop 0.91% for the quarter ended March 31, according to IBES data from Refinitiv.
During the quarter, McDonald’s said it secured $6.5 billion of new financing.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.