McDonald's (MCD) Sees 'Significant' Negative Impact to China, Japan Results from Supplier Issue

McDonald's (NYSE: MCD) disclosed the following with its Form 10-Q, which was submitted earlier on Monday's session:

In mid-July, food quality and safety issues were discovered at a supplier to certain food companies in China, including McDonald's. As a consequence, McDonald's businesses in China, Japan and certain other markets are experiencing a significant negative impact to results. The affected markets represent approximately 10% of consolidated revenues. While this matter will negatively impact results in the near term, we cannot reasonably estimate the impact on full year 2014 earnings at this time.

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