McDonald's hopes to bring burger back to China soon

By Dow Jones

Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two). McDonald's Corp. hopes within a week to put burgers and McNuggets back on the menu in many of its China stores, two weeks after it cut ties with a Shanghai supplier that allegedly sold the chain expired meat. The Oak Brook, Ill. , company has been working with existing suppliers to increase capacity, a China-based spokeswoman for McDonald's said Monday.

On Monday, in a Securities and Exchange Commission filing, McDonald's said that because of the issue with the supplier, businesses in China, Japan and certain other markets "are experiencing a significant negative impact to results. " As a result of the China supplier issue, McDonald's global comparable sales forecast for 2014 "is now at risk," the company said.

Read more here: Business Spectator


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