McDonald's pulls 2020 outlook as quarterly comparable sales fall 3.4%

(Reuters) - McDonald's Corp posted a steeper-than-expected decline in quarterly comparable store sales and the company pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter stores and stick to delivery or take-out. The world's largest burger chain also said it raised $6.5 billion in the first quarter ended March 31 and suspended share buybacks to bolster its cash reserves. Comparable sales fell 3.4% in the quarter, missing analysts' expectations of a 0.91% drop,..