McDonald’s Corp. profit suffered a deeper-than-expected drop, as the coronavirus shut restaurants around the globe and forced the chain to spend tens of millions of dollars to help keep its franchisees operating. For its second-quarter ending in June, McDonald’s reported earnings per share adjusted for one-time items of 66 cents per share, down 68% from the prior year’s period. Analysts had expected earnings of 74 cents a share.

Source: Wall Street Journal July 28, 2020 11:03 UTC