news-container">In the past month, comparable revenues worldwide fell by a good 22 percent compared to the previous year, as McDonald’s announced in Chicago on Wednesday. In the entire first quarter, the minus was 3.4 percent. The U.S. home market saw a 13.4 percent decline in March and a 0.1 percent mini-plus in the quarter. The company withdrew its business forecast for 2020.
The spread of the new corona virus has seriously harmed the business, said CEO Chris Kempczinski. Although 75 percent of the fast-food restaurants worldwide continue to operate, the focus is on drive-thru, take-away and food deliveries. McDonald’s continues to anticipate heavy burdens and, according to its own statements, has already taken out 6.5 billion US dollars (5.97 billion euros) in new loans.
The stock initially reacted slightly in trading on the NYSE, but then turned positive and recently traded up 0.47 percent at $ 176.42. Detailed quarterly figures are expected to follow on April 30.
/ hbr / DP / nas
CHICAGO (dpa-AFX)
Image sources: Alberto Stocco / Shutterstock.com
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