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McDonald’s says 1Q sales drop as 25% of stores are closed
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Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales.
McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period. Declines have persisted in April. Approximately 75% of the fast food giant's 39,000 stores globally are open.
In China, where 25% of stores were closed in February, nearly all have reopened; 99% of U.S. stores are open as well, offering limited menus and takeout food.
But stores remain closed in some key markets like France, the United Kingdom and Italy. McDonald’s started the year strong. Through February, its same-store sales — or sales at stores open at least a year — were
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