McDonald's announces total sales sank 30% in the second quarter compared to 2019, though earnings report indicates recent improvement
Total sales sank 30% in the second quarter compared to last year, McDonald's announced Tuesday, falling to $3.76 billion. Net income plummeted 68% to $483.3 million.The figures reflect the April to June period, the first full quarter of coronavirus effects in the United States. But beneath the terrible headline numbers, some numbers indicated improvement as the quarter went on.For example, US same-store sales were down 19.2% in April compared to last year.
But same-store sales outside the US fell even more and their recovery has been slower, dragging down total global same-store sales. That global figure was down 39% in April compared to last year, almost 21% in May and more than 12% in June.Read MoreOverall, McDonald's said, its drive-thru and delivery options are helping bolster its business.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man splits $22 million jackpot win with friend, keeping nearly 30-year-old promiseWisconsin friends Thomas Cook and Joseph Feeney made a promise in 1992 to split the Powerball jackpot if one of them ever won.
Read more »
30 Rock’s Reunion Distilled Everything Bad About TV into One EpisodeThere’s only so much TV magic you can make out of Zoom calls
Read more »
Ryanair posts smaller than expected loss for three months to June 30Ryanair reported on Monday an after-tax loss of 185 million euros ($216.54 million) for the three months to June 30 after COVID-19 reduced traffic by 99%, and the airline said it was impossible to say whether it might turn a profit this year.
Read more »
'13 Going on 30' and the Problem with Skipping Over the Hard Parts'One thing that I realized in re-watching 13 Going on 30, which turned 16 last week, is that a middle school version of myself would be *terrible* at my job. But would he navigate the present better?' oureric writes:
Read more »
Morgan Stanley double-upgrades Biogen and says the stock can surge another 30% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Nearly 30 New Jersey lifeguards test positive for COVID-19Officials believe the lifeguards contracted the novel coronavirus at a party. As of Sunday, at least 29 Jersey Shore lifeguards had tested positive.
Read more »