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4/8/2020, 3:24 PM (Source: TeleTrader)
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McDonald's says US same-store sales fell 22% in March

McDonald's announced on Wednesday that its same-store sales in the United States plunged 22% in March as the coronavirus pandemic forced closures of the franchise's restaurants in the country.

McDonald's' international business suffered even more under the coronavirus-caused pressure with the company's same-store sales outside the US plummeting 34.7% over the same month.

Meanwhile, the Chicago-based fast-food firm expects its US same-store sales to increase by 0.1% on an annual basis in the first quarter of the fiscal year as the company marked a growth of 8.1% in the first two months of 2020.

Baha Breaking News (BBN) / GA