In the wake of disappointing earnings, McDonald's has announced it will be closing 900 locations worldwide this year.
The company posted a $400 million profit loss for the first three months of this year.
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McDonald's has been struggling to keep its menu popular as food trends have changed, leading the chain with falling sales and dwindling customers.
New CEO Steve Easterbrook will unveila turnaround plan on May 4th, in the meantime McDonald's has announced pay increases and a new all-day breakfast menu.
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