McDonald's has a seen a 3.4 percent decline in global sales.
McDonald's chief executive called the status of the United States meat supply"concerning" Thursday as he announced a profit drop of 17 percent for the fast-food chain.
"The great thing about our supply chain team, our suppliers, is globally we have not had a single supply chain break. Food, packaging, other materials – we haven't had a single supply chain break throughout this crisis in all 40,000 of our restaurants. That said, the U.S.
McDonald's saw a 17 percent drop in net income in the first quarter due to the novel coronavirus pandemic, which led a quarter of its restaurants to close around the globe. "Following our strong performance in 2019, McDonald's began 2020 with exceptional global momentum, and our January and February sales were reflective of that trend. Since then, the global crisis caused by the COVID-19 pandemic has significantly disrupted our business, and we continue to operate in a very challenging and unpredictable environment," Kempczinski stated in the
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