As McDonald's sales slide, chief vows changes

April 23, 2015 5:13 AM

69 0

McDonald's reported gloomy earnings Wednesday, warning of fewer customers around the world and striking a stark contrast to the booming fortunes of fast-casual restaurants like taco maker Chipotle that are sapping the Golden Arches.

But the chain's new chief executive, Steve Easterbrook, said McDonald's would announce "meaningful" changes to its menu next month as part of a company-wide turnaround bid, news that sent its shares higher.

Read more

To category page