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McDonald’s Japan Predicts $157 Million Loss on Meat Scare

McDonald’s Corp.’s Japan business predicted a 17 billion yen ($157 million) net loss this year after its chicken supplier said it mislabeled expired meat.

Sales will probably drop 15 percent from a year earlier to 221 billion yen, McDonald’s Holdings Co. Japan Ltd. said today in a statement. The company, in July, withdrew its forecast for 250 billion yen in annual revenue.