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McDonald's global sales plunge as Covid-19 lockdowns limit operations

Shares of the Chicago-based burger chain sank more than 2.5 per cent

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3 min read Last Updated : Jul 28 2020 | 8:55 PM IST

McDonald's Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the Covid-19 pandemic, limiting operations to only drive-thru and delivery.

Shares of the Chicago-based burger chain sank more than 2.5 per cent.

Global same-store sales fell 23.9 per cent in the second quarter, dragged down by big international markets including the United Kingdom, France and Latin America.

Analysts had forecast a 23.24 per cent fall, according to IBES data from Refinitiv.

In the United States, where the company operates more than a third of its restaurants, same-restaurant

Topics : Coronavirus Lockdown Community Transmission McDonald's McDonald's India McDonald's shuts down Coronavirus Tests Coronavirus Vaccine

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