McDonald's Japan raises annual profit forecast as consumer appetite recovers
09/08/2017 07:26
TOKYO, Aug 9 (Reuters) - McDonald's Holdings Co Japan Ltd
2702.T upgraded its full year profit outlook on Wednesday as
the fast-food chain sustained a recovery from a series of food
scandals that hit consumer appetites.
The company, an affiliate of U.S. fast-food giant McDonald's
Corp MCD.N , forecast full year operating profit to be 16.5
billion yen ($150.05 million) for the year ending December,
compared to an earlier forecast of 15 billion yen and up 138
percent on the previous year.
Operating profit in the six months through June was 9.4
billion yen. That compared with a 47 million yen operating
profit a year earlier.
($1 = 109.9600 yen)
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
((sam.nussey@thomsonreuters.com; +81364411596; Reuters
Messaging: sam.nussey.thomsonreuters.com@reuters.net))
Keywords: MCDONALDS JAPAN RESULTS/