Most of 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, according to AP.
McDonald’s announced Thursday its sales dropped 6% to $4.71 billion in the January-March period. Declines have persisted in April.
Nearly 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 began the year strong. Through February, its same-store sales — or sales at stores open at least a year — were up 7.2% worldwide and 8.1% in the U.S. But sales tumbled in March as global lockdowns took hold. McDonald’s ended the quarter with same-store sales down 3.4%.
McDonald’s said earlier investments in digital ordering and delivery have helped it weather declines in in-store traffic. Roughly 25,000 McDonald’s worldwide now offer delivery, while 20,000 let customers order and pay on their mobile phones.
Read the full report at thenationalherald.com
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: https://mcdonalds.gr/
