McDonald's Faces Declining Sales In Asia After China Food Scandal

McDonald's recently released its sales report for the month of August, reporting 3.7% decrease in global comparable sales, with 14.5% decline in the APMEA segment, largely due to food scare in China. Looking at the past 3 months' performance, the company estimates $0.15-$0.20 decrease in earnings per share y-o-y for the third quarter.