McDonald's Global Sales Plunged in Q2, but the Rebound Is Underway
Fast-food giant McDonald's (NYSE: MCD) reported Tuesday that its global comparable-store sales were down 23.9% for the second quarter, but as ugly as that result was, there was some positive news. The worst of the sales plunge took place early, and comps improved sequentially as the quarter progressed. And, as of the quarter's end on June 30, the company said that nearly all of its 39,000 restaurants around the world were open for business again.
"Our strong drive-thru presence and the investments we've made in delivery and digital over the past few years have served us well through these uncertain times," President and CEO Chris Kempczinski said in the press release that accompanied the Q2 report.
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Source Fool.com
