McDonald’s to unveil turnaround plan as sales slide

Burger chain McDonald’s has reported a 33 per cent dip in net income for the first quarter of this year. The company signalled its intent to unveil a turnaround plan shortly.

A McDonald’s Big Mac meal.

“McDonald’s founder, Ray Kroc, made a statement about our business that is as relevant today as it was 60 years ago: ‘Take calculated risks. Act boldly and thoughtfully. Be an agile ...