In the wake of a food safety scandal regarding its meat supplier in China, McDonald’s Holdings Japan last week reported a net loss of 7.54 billion yen, approximately $65.8 million, for the period from January through September, according to the Japanese Kyodo News Service.
The news agency says this compares to a profit of 6.39 billion yen during the same time last year; the company looks to lose money for the first time in 11 years.