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McDonald’s Japan Posts Full-Year Loss After Food Scare

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McDonald’s Corp.’s Japan affiliate reported its first full-year loss in 11 years as the fast-food chain faced fallout from food scandals and after labor disputes at U.S. ports forced it to ration french fries.

The net loss for 2014 was 21.8 billion yen ($186 million), compared with net income of 5.1 billion yen the previous year, McDonald’s Holdings Co. (Japan) said in a statement to the Tokyo Stock Exchange today. The average of three analyst estimates compiled by Bloomberg was a 17.5 billion yen loss. The company last posted an annual loss in 2003, according to data compiled by Bloomberg.