Apr 8, 2020

McDonald's sales dip just 3.4% as US stores stay open

McDonald's sales fell less than 4% in the first three months of the year, despite closures due to lockdown measures prompted by the coronavirus. Sales there fell just 13%. Labour activists in the US are calling on the firm to do more to protect against the risk of infection. A union survey of more than 800 US McDonald's workers found that more than 90% reported that masks were scarce or unavailable, while 40% said their managers had discouraged them from wearing such protective gear. McDonald's said sales at stores open more than a year dropped 3.4% in the first quarter, reflecting steady growth in January and February, but a 22% plunge in March. In the US, sales dropped 13% last month, while in its international operated markets - which include Canada, Australia, Europe and the UK - they dropped 35%. Just 45% of its restaurants remain open in the international operated unit of its business, compared with 99% in the US. For the quarter, US sales grew 0.1%, compared with last year.

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