McDonald’s announced today [Tuesday] that it expects a fourth quarter loss per share of 5 to 6 cents.

This forecast includes US$435m of charges in conjunction with the plans announced last month to restructure certain markets, close underperforming restaurants, and eliminate positions to control costs and reallocate resources.

Excluding charges, McDonald’s expects fourth quarter earnings per share to be between 25 and 26 cents, including a foreign currency benefit of between one and two cents.