McDonald's Corp. said Monday it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge on the sale of some Latin American operations.
But the world's biggest fast food restaurant chain said its business is growing because of momentum from its popular breakfast menu.
McDonald's said it expects to report a net loss of 60 cents per share when it releases second-quarter earnings July 24.
But excluding a $1.31-per-share charge for the sale in Latin America, McDonald's said it likely would surpass Wall Street forecasts and earn 71 cents per share from continuing operations for the quarter ending June 30.
But the world's biggest fast food restaurant chain said its business is growing because of momentum from its popular breakfast menu.
McDonald's said it expects to report a net loss of 60 cents per share when it releases second-quarter earnings July 24.
But excluding a $1.31-per-share charge for the sale in Latin America, McDonald's said it likely would surpass Wall Street forecasts and earn 71 cents per share from continuing operations for the quarter ending June 30.
