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Stock impact report

McDonald's global same-store sales down 22% in March amid coronavirus pandemic [CNBC]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: CNBC
A man wears a mask as he walks past a McDonald's fast food restaurant during the COVID-19 pandemic, in Los Angeles, California, April 6, 2020.Robyn Beck | AFP | Getty ImagesShares of the company fell less than 1% in premarket trading.In the two months ended Feb. 29, McDonald's U.S. same-store sales grew by 8.1%. But thanks to domestic same-store sales plummeting 13% in March, the company expects first-quarter same-store sales growth of 0.1% in the U.S.McDonald's international markets were hit even harder by the pandemic. Its international operated markets segment, which includes France, Italy and the United Kingdom, saw same-store sales plunge 34.7% in March.The company said that its global same-store sales fell 3.4% in the first quarter.McDonald's also withdrew its 2020 outlook and long-term forecast issued in February, citing the uncertainty related to the pandemic and its impact on the economy. The chain previously expected earnings per share growth in the high-single digits and sy Show less Read more
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