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McDonald's Japan Reports Wider Net Loss For 2014

February 5, 2015: 12:00 AM EST
McDonald's Holdings, operator of McDonald's Japan, reported a group net loss of 21.84 billion yen, or $190 million, in 2014, compared with 5.14 billion yen in 2013. Revenue dropped 14.6 percent to 222 billion yen during the period, compared with 260 billion yen in the previous year. Moreover, sales fell 38.6 percent in January 2015, compared with sales in January 2014. Several food safety-related scandals hurt the company's revenue performance, according to company executives and market observers.
RJ Whitehead, "Scandals prompt McDonald’s Japan to report first loss in over a decade", FOODnavigator-asia.com, February 05, 2015, © William Reed Business Media SAS
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