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IPFS News Link • Business/ Commerce

McDonald's Closing Hundreds Of Restaurants As Sales Slide

• http://boston.cbslocal.com, By Candace Choi

CEO Steve Easterbrook, who stepped into the role just last month, said Wednesday the company will share "initial details" of the plan May 4.

"I think there is a hunger and an interest in our business to embrace change," Easterbrook said during a conference call. While McDonald's has been "phenomenally successful" for decades, he said that has also made the company conservative.

The world's biggest hamburger chain said global sales declined 2.3 percent at established locations during the first three months of the year, with results for April expected to be negative as well. The drop included a 2.6 percent drop in the U.S., where people are increasingly heading to places that market their food as more wholesome.


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