McDonald's pulls forecast as coronavirus outbreak hits sales
Share:
(Reuters) - McDonald's Corp global comparable sales tumbled 22.2% in March and the burger chain pulled its full-year forecast as coronavirus-related lockdowns forced it to shutter stores and stick to delivery or take-out.The company, one of the first major quick-service chains to provide a glimpse into the economic impact of the health crisis, said on Wednesday it had raised $6.5 billion in the quarter and suspended share buybacks to bolster its cash reserves.It provided the update, including..