McDonalds Corp (MCD)

[Vanchaa]

McDonald’s Sales Fall on Food Scandal in China
By REUTERSAUG. 8, 2014

McDonald’s said on Friday that its global sales forecast for 2014 was at risk after a China food scandal drove away diners and forced it to scramble to find new suppliers of ingredients for Chicken McNuggets and Big Macs. The warning could portend the company’s first full year of global sales declines at established restaurants since 2002, the Janney Capital Markets analyst Mark Kalinowski said. McDonald’s global same-restaurant sales dropped 2.5 percent in July, which Mr. Kalinowski said was the company’s worst monthly performance in a decade. The food scandal in China began on July 20 when a local TV report showed workers at a McDonald’s supplier using meat past its use-by date. McDonald’s said same-restaurant sales in Asia-Pacific, Middle East and Africa, which includes China, fell 7.3 percent in July