Around the Net
Record $300 Million Net Loss For McDonald's In Japan
- NPR, Wednesday, February 10, 2016 8:05 AM
McDonald's has posted its worst annual results in Japan since going public there 15 years ago. The company reported a net loss of 34.704 billion yen — around $303 million. Last year, sales at McDonald's Japan stores were down around 15% from 2014, the company says. Thank a series of scandals, starting in 2014, when video footage emerged that seemed to show workers at a Chinese supplier of chicken nuggets mishandling and using out-of-date meat.
