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Mar 31, 2020
McDonald's Q1 2020 Earnings Report
McDonald's performance was negatively impacted by COVID-19, resulting in declines in global comparable sales and consolidated revenues.
Key Takeaways
McDonald's Q1 2020 results were significantly affected by the COVID-19 pandemic, which led to restaurant closures, limited operations, and changes in consumer behavior. Global comparable sales and consolidated revenues decreased, and the company withdrew its 2020 Outlook due to the uncertainty related to the pandemic's impact.
Global comparable sales decreased by 3.4%.
Consolidated revenues decreased by 6% (5% in constant currencies).
Diluted earnings per share decreased by 15% to $1.47 (13% in constant currencies).
McDonald’s suspended its share repurchase program and increased its cash position with $6.5 billion in new debt financing.
Forward Guidance
McDonald's withdrew its 2020 Outlook and its Long-Term Outlook due to the uncertainty related to the impact of COVID-19 on global economic conditions and the Company’s business operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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