Facts:
344
|
McDonald's Looses Money For The First Time In HistoryFinance & BusinessFor the first time in McDonald's history the company announced a quarterly loss for the fourth quarter of 2002. In a statement released December 17, 2002 the company blamed slowing sales and an underperforming discount program for the poor financial performance. McDonalds will take a $435 million charge in the fourth quarter to restructure, closing underperforming restaurants and cutting jobs. Posted: 2002-12-19 12:08:03 PM This fact has been viewed 8448 times. |
|