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Stock impact report

McDonald's global same-store sales down 22% in March as coronavirus pandemic shuts dining areas [CNBC]

McDonald's Corporation (MCD) 
Last mcdonald's corporation earnings: 4/30 06:58 am Check Earnings Report
Company Research Source: CNBC
McDonald'sShares of the company rose less than 1% in morning trading. The stock, which has a market value of $135 billion, has fallen 11% so far in 2020.Fast-food restaurants such as McDonald's have been faring better than their full-service competition. Transactions at fast-food restaurants fell 40% in the week ended March 29, while full-service restaurants saw their transactions decline 79% in the same period, according to the NPD Group.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. The company transitioned to delivery, takeout and drive-thru only in the United States in corporate-owned locations in mid-March and asked franchisees to do the same.McDonald's international markets were hit even harder by the pandemic. Its international operated markets segment, which includes France, Italy, Spain and the United K Show less Read more
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