(MONEY.CNN) — McDonald's is in even worse shape than we realized.
Profits are crumbling, sales are shrinking and guest traffic is declining all around the world.
Consumers are defecting for healthier and fresher options like Chipotle (CMG), the burrito chain that McDonald's (MCD) sold off almost a decade ago.
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The world's largest burger chain announced more depressing results on Wednesday for the first three months of 2015.