McDonald's provides update on E.Coli breakout as shares drop amid scandal [Yahoo! Finance]
McDonald's Corporation (MCD)
Last mcdonald's corporation earnings: 4/30 06:58 am
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Source: Yahoo! Finance
About one-fifth of McDonald's US restaurants are not offering quarter pounders, or onions, as a result of the outbreak, Yahoo Finance has learned. That's roughly 2,700 restaurants, based on 13,484 total US locations as of Q2 results. While the CDC posted a food safety alert on Tuesday, McDonald's learned of the outbreak late last week, per company spokespeople. The company quickly removed two ingredients from affected restaurants at that time, when the reported cases were lower. Currently, there are 49 cases, including one death. That number is likely much higher. It takes 3 to 4 weeks for the CDC to know if a sick person is part of an outbreak. In the timeline that the CDC reported, from Sept. 27 to Oct. 11, McDonald's typically sells about 1 million quarter pounders in that geography. McDonald's hasn't pinpointed the source of outbreak yet, but it may be the onions. According to spokespeople, the beef patties came from multiple suppliers, so an outbreak would mean a cross c
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MCD
News
- McDonald's Q3 Preview: Don't Worry About E. Coli, It's An Automation Play [Seeking Alpha]Seeking Alpha
- McDonald's E. coli outbreak: Is it safe to eat at the fast-food chain? [USA TODAY]USA TODAY
- McDonald's: Brace For A Drop, Buy Lower After Outbreak [Seeking Alpha]Seeking Alpha
- McDonald's provides update on E. coli breakout as shares drop amid scandal [Yahoo! Finance Canada]Yahoo! Finance Canada
- What Wall Street Analysts Are Saying About McDonald's Link To E. Coli Outbreak [Yahoo! Finance]Yahoo! Finance
MCD
Earnings
- 7/29/24 - Miss
MCD
Sec Filings
- 10/23/24 - Form 144
- 10/15/24 - Form 4
- 10/1/24 - Form 3
- MCD's page on the SEC website