国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Scandal hurting McDonald's Asia earnings

By Bloomberg (China Daily) Updated: 2014-08-06 07:18

Scandal hurting McDonald's Asia earnings

A pedestrian walks past an advertisement for McDonald's Corp in Futian district of Shenzhen. The restaurant chain said that it will resume selling beef and chicken burgers in Beijing and Guangzhou soon. [Photo/Agencies]

McDonald's Corp, working to resume sales of beef and chicken in China this week after a supplier was accused of repackaging old meat, said the situation is hurting its sales in Asia.

"McDonald's businesses in China, Japan and certain other markets are experiencing a significant negative impact to results," the US fast-food company said in a filing on Monday. While McDonald's said it cannot yet estimate the full effect on 2014 earnings, the areas affected make up about 10 percent of consolidated revenue and the company's global same-store sales forecast for the year is "at risk".

McDonald's Japan business posted a 17.4 percent drop in same-store sales in July from a year earlier partly due to the China supplier scandal, according to the company's statement to the Tokyo Stock Exchange on Tuesday, a week after withdrawing its profit forecast because of the case.

The world's largest restaurant chain has been working to limit the damage to its sales and reputation since supplier Shanghai Husi, a division of US-based OSI Group LLC, became the subject of a government investigation into the altering of expiration dates on food last month. Yum Brands Inc has terminated its relationship with OSI globally.

McDonald's Japan is now buying items from Thailand. Previously, the chain was sourcing food from Husi's Hebei plant while transitioning to a new OSI facility in Henan.

McDonald's shares were little changed at $94.31 in New York on Monday.

The stock has dropped about 4.7 percent since news of the OSI investigation became public.

The fast-food chain's Japanese outlets will sell chicken sandwiches again after resuming a full menu at all its stores starting next week, Kokoro Toyama, a spokeswoman at McDonald's Japan business, said on Tuesday.

The global restaurant chain said that it will start selling beef and chicken burgers in Beijing and Guangzhou soon. It is also increasing orders from other existing suppliers in China while exploring new ones.

Scandal hurting McDonald's Asia earnings Scandal hurting McDonald's Asia earnings
Food scandal hurt McDonald's results
Yum says China food safety scare hurting KFC, Pizza Hut sales

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
临邑县| 浏阳市| 彭水| 拜泉县| 台前县| 宜春市| 海盐县| 丰镇市| 同心县| 株洲县| 东台市| 伊宁市| 来宾市| 五大连池市| 茶陵县| 法库县| 贞丰县| 临沭县| 三河市| 彭州市| 舟山市| 白河县| 五莲县| 玉门市| 惠安县| 志丹县| 寻乌县| 元阳县| 磐石市| 大足县| 东乌珠穆沁旗| 天津市| 聊城市| 高雄县| 宁波市| 弥渡县| 津南区| 南陵县| 宜州市| 定边县| 房产|