Fifth Consecutive Negative Comparable Sales Quarter Looming Over McDonald's

The Golden Arches has been struggling in all its geographical segments, facing financial and operational headwinds. As a result, the company's leadership was handed over to a new CEO, Steve Easterbrook, who announced the new turnaround plans for the company after a disappointing Q1 earnings report. Market consensus of $6.45 billion net revenues indicates a 10% year-over-year (y-o-y) decline. We can expect another sluggish performance by the company, despite the new turnaround plans and...

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