McDonald's plots turnaround as 1Q sales continue to slide

April 22, 2015 12:47 PM

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McDonald's first-quarter profit fell, partly because of sliding sales, costs to close underperforming restaurants and a stronger dollar.

Its adjusted profit beat analysts' estimates, and the world's biggest hamburger chain said it is working on a turnaround plan to improve its performance.

Also read: Singapore Dec private home sales down 57.3 pct month-on-month

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