Mcdonald's says total comparable sales for q1 was down 3.4%

Mcdonald's provides update on covid-19 impact to the business and reports first quarter 2020 comparable sales.mcdonald's - approximately 75% of our restaurants around world are operational.mcdonald's - suspending our share repurchase program and increasing our cash position by raising $6.5 billion in debt markets during q1.mcdonald's - "company does not expect march full-month comparable sales to be indicative of near term".mcdonald's - will reduce capital expenditures this year.mcdonald's - withdrawing 2020 outlook and long-term outlook.mcdonald's - chief executive officer voluntarily offered a 50% reduction in his base salary for period april 15, 2020 to september 30.mcdonald's - total comparable sales for quarter ended march 31, 2020 was down 3.4%.mcdonald's - other named executive officers offered a 25% reduction in their base salaries for period april 15, 2020 to september 30.mcdonald's - total comparable sales for month ended march 31, 2020 was down 22.2%.mcdonald's - china has resumed operations in 98% of restaurants.mcdonald's - substantially all restaurants are operating in japan.mcdonald's - brazil has 60% of restaurants operating, majority of which have limited operations.mcdonald's - total comparable sales for two months ended february 29, 2020 was up 7.2%.mcdonald's - during q1, company secured $6.5 billion of new financing.mcdonald's - has $3.5 billion available under a committed line of credit, which has not been drawn upon.
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