McDonald’s CEO issued an apology for the recent E. coli outbreak linked to the chain’s Quarter Pounders, impacting customers and adding pressure amid declining sales. The outbreak prompted a pause on Quarter Pounder sales in some U.S. locations and a break in ties with supplier Taylor Farms, which was suspected of onion contamination. While executives noted the health issue's containment and minimal impact on overall sales, the company's struggles continued with sales down 1.5% year-on-year. The fast food chain saw a slight U.S. sales rise, attributed to promotions like the $5 Happy Meal.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02McDonald's CEO issued an apology for the recent E. coli outbreak linked to the chain's quarter
00:07pounders, impacting customers and adding pressure amid declining sales.
00:11The outbreak prompted a pause on quarter pounder sales in some U.S. locations and
00:15a break in ties with supplier Taylor Farms, which was suspected of onion contamination.
00:20While executives noted the health issues, containment, and minimal impact on overall sales,
00:24the company's struggles continue with sales down 1.5% year over year.
00:29The fast food chain saw a slight U.S. sales rise attributed to promotions like the $5 Happy Meal.
00:34For all things money, visit Benzinga.com slash GSTV.