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McDonalds Says China Food Scandal is Hurting Sales
Published on: 2014-08-05
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altThe fast-food chain McDonalds has said a food scare in China and Japan is having a "significant negative impact" on sales in the region.
 

In a statement, the company said it might not meet its sales forecast for this year as a result of the China supplier issue.
 

The affected markets account for 10% of revenues, the company said.
 

Last month, McDonalds suspended sales of its nuggets in Hong Kong amid concerns about a Chinese meat supplier.
 

Its supplies came from a Chinese company, Shanghai Husi Food, whose operations have been suspended by regulators after local media reports claimed it re-processed out-of-date meat.
 

McDonalds said at the time nearly 500 stores in Japan had removed chicken nuggets from their menus, adding that sales were expected to resume after it switches to other suppliers in China and Thailand. 
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