date:Aug 05, 2014
term, we cannot reasonably estimate the impact on full year 2014 earnings at this time, according to a regulatory filing from McDonald's, which has just over 2,000 restaurants in China.
McDonald's warning on Monday came just days after rival Yum Brands Inc, which has about 6,400 restaurants in China and whose KFC is the biggest Western brand in the country, also said the scandal was driving China customers away.
McDonald's shares dropped 0.5 percent to $93.86 at mid-afternoon on the New York S