TOKYO, July 29 McDonald's Holdings Co (Japan)
on Tuesday withdrew its earnings guidance for the year
to Dec. 31, citing an expected fall in sales and rising costs
after a major meat supplier in China was shut down by regulators
for food safety breaches.
The Japanese unit of the world's biggest hamburger chain
immediately switched to alternative chicken supplies both in
China and Thailand but days later narrowed its sourcing to two
existing suppliers in Thailand due to Japanese consumers'
widespread distrust of food originating in China. It said on
Friday it expected some stores to sell out of some menu items
due to the switch.
"We are not able today to assess the extent of the impact on
our business," McDonald's Holdings, held 49.9 percent by
McDonald's Corp, said in a statement.
(Reporting by Chang-Ran Kim; Editing by Chris Gallagher)