- McDonald's Japan reports that it expects to see net income in Japan for the calendar year come in at $48M to fall well-below the consensus mark of analysts calling for $91.5M.
- The restaurant operator, which is 50%-owned by McDonald's (MCD), plans to close 74 stores in the nation due to underwhelming performance. November marked the fifth straight month of falling sales compared to the year-ago period.
McDonald's has a Japan problem
Dec 19 2013, 16:33 ET