The Traderszone Network

Published in TZ Latest News 7 October, 2014 by The TZ Newswire Staff

McDonald’s Japan forecasts 2014 loss, first in 11 yrs, as food scare hits sales

McDonald’s Holdings Co (Japan) Ltd forecast on Tuesday a net loss of 17 billion yen (97.16 million pounds) for 2014, its first loss in 11 years, after a food safety scandal hit sales already weakened by stiff competition from convenience stores. The announcement brought further gloom for McDonald’s Corp (MCD.N), which holds 49.9 percent of McDonald’s Japan, and has been struggling globally with falling sales.

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