McDonald’s Has a Breakfast Problem
Investors were bracing for some unusually weak sales and profit numbers from McDonald's (NYSE: MCD) in its second-quarter report (which covers the months of April, May, and June). The period captures some of the most intense impacts to date from the COVID-19 pandemic. The fast-food giant had already revealed sharp revenue declines in April and May across most of its markets, too.
On Tuesday, McDonald's issued its full results that showed a clear trend toward a return to global sales growth through June. However, the chain may be losing ground to some of its peers as consumers increasingly skip their breakfast trips.
Let's take a closer look.
Source Fool.com
