McDonald's pulls 2020 outlook as quarterly comparable sales fall 3.4%

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McDonald's quarterly same-store sales fall more than market expectations

FILE PHOTO: Delivery couriers practice social distancing while waiting for orders at a McDonald's open for take away following the implementation of stricter social-distancing and self-isolation rules to limit the spread of the coronavirus disease in Sydney, Australia, April 6, 2020. REUTERS/Loren Elliott

The world’s largest burger chain also said it raised $6.5 billion in the first quarter ended March 31 and suspended share buybacks to bolster its cash reserves.

 

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