Around the Net

McDonald's Quarterly Sales Down 30%

McDonald’s quarterly report is starting to sound familiar. Although business started to improve, the company still took a huge hit. Of the chain's 39,000 restaurants worldwide, 96% are now open, compared with 75% at the start of the second quarter. Comparable-store sales that were down 39% in April were down only 12% by June. “McDonald’s has learned to adjust our operations to this new environment,” said President and CEO Chris Kempczinski during a conference call with investors.

Read the whole story at Chicago Tribune »

Next story loading loading..