McDonald’s provides update on E. coli breakout as shares drop amid scandal

McDonald’s (MCD) is facing significant challenges following an E. coli outbreak that led to a 7% drop in its stock on Tuesday.

About 2,700 U.S. restaurants are temporarily not serving Quarter Pounders or onions as a precaution.

The CDC has issued a food safety alert, and there are currently 49 reported cases linked to the outbreak, including one death.

McDonald’s is investigating the source, suspecting onions might be involved, as the beef patties come from multiple suppliers.

This incident echoes past food safety issues faced by Chipotle (CMG), but analysts believe it’s premature to make direct comparisons, Yahoo Finance has reported.

read more: https://finance.yahoo.com/news/mcdonalds-provides-update-on-e-coli-breakout-as-shares-drop-amid-scandal-181936035.html

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