New York — McDonald’s reported its worst global sales decline in recent memory, with drive-throughs and delivery unable to make up for the blows from pandemic shutdowns and consumer caution.
The fast-food company’s total same-store sales in the second quarter dropped 23.9%, slightly worse than what analysts had been expecting despite getting mid-quarter updates throughout the spring — and the worst performance in Bloomberg data going back to at least 2005. That was dragged down by a 41.4% plunge in its international operated markets unit, which includes stores in countries such as Spain, the UK and France...
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