McDonald’s Vows to Unveil Turnaround Plan as Slump Persists

McDonald’s Corp. Chief Executive Officer Steve Easterbrook promised to give details of his comeback plan for the struggling chain next month, following another quarter of declining sales and profit.

“We are developing a turnaround plan to improve our performance and deliver enduring profitable growth,” Easterbrook said in a statement Wednesday. “We look forward to sharing the initial details of this plan on May 4.”