McDonald's has a Japan problem

|About: McDonald's Corporation (MCD)|By:, SA News Editor

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.