McDonald’s is navigating the fallout from an E. coli outbreak tied to its Quarter Pounder burgers. CEO Chris Kempczinski told investors the outbreak was now behind them, emphasizing that the situation appeared contained. The company stopped using onions from a supplier implicated in the outbreak and is reintroducing Quarter Pounders without slivered onions. CFO Ian Borden noted McDonald’s isn’t expecting significant financial impact and is focusing on restoring consumer trust.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02McDonald's is navigating the fallout from an E. coli outbreak tied to its Quarter Pounder burgers.
00:07CEO Chris Kamczynski told investors the outbreak was now behind them,
00:11emphasizing that the situation appeared to be contained.
00:14The company halted its use of onions from a supplier implicated in the
00:18outbreak and is reintroducing Quarter Pounders without slivered onions.
00:22CFO Ian Borden noted McDonald's isn't expecting
00:25significant financial impact and is focusing on restoring consumer trust.
00:29For all things money, visit Benzinga.com slash GSTV.