McDonald’s Japan Pulls Profit Goal on China Food Scandal
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McDonald’s Corp.’s Japan business withdrew its forecast for the first profit increase since 2011 after suspending sales of chicken nuggets supplied by a company that acknowledged food safety problems at its Shanghai plant.
“We are losing 15 percent to 20 percent of our daily sales projection” after halting sales of chicken nuggets processed at the Shanghai unit of Aurora, Illinois-based OSI Group Inc., Row Imamura, vice president of the Tokyo-based chain, said at a press conference yesterday. “It is highly difficult for us to achieve our earnings forecast.”