McDonald's sees plummeting August sales due to food scare
By Bloomberg | China Daily | Updated: 2014-09-11 07:31
US burger seller steps up supplier audits, names safety chief for China
McDonald's Corp, the world's largest restaurant chain, posted its worst same-store sales decline in more than a decade, hurt by sluggish demand in the United States and a health scare involving a Chinese supplier.
Sales at stores open at least 13 months fell 3.7 percent in August, the Oak Brook, Illinois-based company said on Wednesday. Analysts had predicted a 3.1 percent drop. McDonald's also said supplier problems in China will reduce third-quarter earnings per share by 15 to 20 cents.
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