McDonald’s Japan Lost a Whopping $300 Million Last Year
Chocolate-drizzled fries can’t save plummeting sales.
More bad news for McDonald’s: According to NPR, the fast-food giant is experiencing a record sales decline in Japan. The company has lost around $303 million this year — its worst loss since going public 15 years ago. This is the second year in a row that McDonald’s Japan stores have reported a net loss; sales were down around 15 percent in 2014.
The company has received a slew of bad publicity in Asia in recent years, shuttering 130 restaurants in Japan and several in China last April. In 2014, video footage surfaced that showed McDonald’s…