Yesterday, after the end of the session on American Wall Street, the Food and Drug Administration (CDC) informed the public about the identification of e Coli bacteria in McDonald's (MCD.US) restaurants. Most likely, these bacteria were present in McRoyal sandwiches (McDonald's Quarter Pounder). The company itself claims that the likely culprit was sliced onions.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appAt the moment, official data indicates 49 cases of illness, one of which was fatal, and 10 people were hospitalized. Source: Bloomberg Financial LP
Official statement issued by the CDC. Source: X via Bloomberg Financial LP
Shares of the restaurant chain fell more than 10% in trading after the close of Wall Street before cutting losses. If the current 5.8% decline continues, McDonald's shares could record their biggest daily decline since March 2020.
McDonald's said it is taking rapid action to control the epidemic. The company has removed the Quarter Pounder from restaurants in the affected areas (Colorado, Kansas, Utah, and Wyoming, as well as parts of Idaho, Iowa, Missouri, Montana, Nebraska, Nevada, New Mexico, and Oklahoma) and ordered all local restaurants to remove the onion strips it identified as a likely culprit from their supply chains.
The stock is currently down nearly 6% ahead of the U.S. open, taking the stock down sharply from recent all-time highs. Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
