Retail

McDonald’s (MCD) Q2 2020 earnings miss estimates

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Customers sit at McDonald’s outdoor seating in Union Square as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 7, 2020 in New York City.

Alexi Rosenfeld | Getty Images

McDonald’s on Tuesday reported its quarterly revenue was slashed by nearly a third as coronavirus lockdown measures outside the U.S. weighed on sales for its French fries and cheeseburgers.

While recovery in the U.S. has been comparably stronger, recent surges in Covid-19 cases have forced some states and cities to reimplement restrictions aimed at controlling the spread of the virus. As a result, McDonald’s didn’t offer up any forecast for its future…



Source cnbc.com

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