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McDonald's says China meat scandal hurts sales

Oklahoman Published: August 5, 2014
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McDonald’s said Monday that a scandal over a meat supplier in China is hurting sales in the region and its global sales forecast for 2014 is “at risk.”

The world’s biggest hamburger chain said in a regulatory filing that there’s been “significant negative impact” in China, Japan and other affected markets. These regions make up about 10 percent of McDonald’s Corp.’s revenue.

The Oak Brook, Ill.-based company previously said it expected worldwide sales to be “relatively flat” for the year.

The updated guidance comes after a Chinese TV report last month showed workers at Shanghai Husi Food Co. using expired meat.

Associated Press