McDonald’s Reports First Quarter 2015 Results, Announces 350 Location Closures Worldwide

McDonald’s Corp. announced its first quarter 2015 results on Wednesday and revealed that is has closed 350 restaurants around the globe in the first quarter of 2015, Nation’s Restaurant News reports. In the U.S. and China 220 restaurants were closed while 130 closures occurred in Japan.

Global comparable sales dropped 2.3 percent in the first quarter ended March 31. In the U.S., first quarter comparable sales decreased 2.6 percent reflecting negative sales and guest traffic as the segment's product and promotional offers did not overcome the competitive activity.