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McDonald's Prepares for First-Ever Loss

NPR | By Lynn Neary
Published December 18, 2002 at 12:00 AM EST

The McDonald's Corp. announces it expects to post the first quarterly loss in its 47-year history. The world's largest restaurant chain appears to have saturated the market. There's been a management shakeup, and the chain is pulling the plug on underperforming locations. NPR's Lynn Neary talks with Standard and Poors' analyst Dennis Milton.

Copyright 2002 NPR
Lynn Neary
Lynn Neary is an NPR arts correspondent covering books and publishing.
See stories by Lynn Neary
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