Stock market quotes, forex, financial news, forex tools –

McDonald’s reports on a monthly reduction of sales

 Breaking News
  • Boeing announced the start of massive layoffs The Boeing Company has no choice but to take drastic measures. The world’s largest manufacturer of space and aviation equipment is forced to reduce the number of staff by 13...
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
McDonald’s reports on a monthly reduction of sales
April 09
13:00 2020

The largest global chain of fast food restaurants McDonald’s Corp. has reported on the state of affairs. It became known that the drop in global comparable sales in March was 22.2%. Thus, in the first quarter, the indicator decreased by 3.4%.

McDonald’s, which is the American brainchild, has shown a 13.4% fall, its value for the quarter has amounted to + 0.1%.

Almost all American McDonald’s fast foods restaurants continue to operate at a time of pandemic. To tell the truth, they serve exclusively motorists and those who ordered takeaway food. By the way, in China,  98% of outlets have already been open.

Chris Kempczinski, CEO of McDonald’s, has cut his base salary by 50%, other top managers supported  the boss’s gesture, agreeing to cut the base salary by a quarter till the end of September.

McDonald’s is going to release financial reporting for the first quarter on April 30. But for now, the company management has stopped stock repurchasing program and withdrew the annual forecast.

Today, McDonald’s securities are confidently increasing. Since the beginning of the year, the company’s share price has fallen by about 11%.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment