McDonald’s CEO apologizes to customers after E. coli outbreak

Published On Oct 29, 2024, 12:32 PM

McDonald's CEO Chris Kempczinski has issued an apology following an E. coli outbreak linked to the company's Quarter Pounder hamburgers, resulting in 75 reported cases and one death across 13 states. The outbreak prompted the firm to halt the supply of specific ingredients. While the company has ruled out beef as the source of contamination, it is still investigating the possibility that slivered onions from a supplier contributed to the outbreak. McDonald's is committed to rectifying the situation and plans to resume offering Quarter Pounders soon.

Read full article

Stock Forecasts

MCDView MCD chart on TradingView

Negative

The recent E. coli outbreak may negatively impact consumer perception of McDonald's food safety, which could affect sales temporarily. However, the company's prompt response to the crisis may help mitigate long-term damage to its brand. Given the stock's recent performance, investors should be cautious but not overly pessimistic, as McDonald's has a strong history of recovering from setbacks.

Related News

Stock market today: Dow falls, Nasdaq and S&P 500 rise amid fresh wave of earnings, jobs data

Oct 29, 2024, 11:28 AM

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results,

GOOG
MCD
F

McDonald's boss apologises for E. coli outbreak as sales slide

Oct 29, 2024, 10:29 AM

Boss Chris Kempczinski says sorry for the outbreak as the burger giant faces flagging sales.

MCD

Stock market today: Dow, S&P 500 and Nasdaq fall amid wave of earnings

Oct 29, 2024, 9:34 AM

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results,

GOOGL
MCD
PYPL
DJT