10/23/2024

McDonald's Shares Drop as Head of U.S. Vows to Improve Safety after E. coli Outbreak

CDC and McDonald's are investigating supplies for outbreak cause

McDonald's shares were on track for their worst day since March 2020 on Wednesday, as the fast-food giant scrambles to limit the damage from an E. coli outbreak linked to Quarter Pounder hamburgers in several states that has killed one person and sickened nearly 50 others.

McDonald's USA President Joe Erlinger on Wednesday said the world's biggest fastfood chain could rebuild trust with the public as it works to soften the blow of the E. coli outbreak, which resulted in the death of one person and caused 49 other people in parts of the U.S. West and Midwest to fall ill. Previous E. coli outbreaks at big U.S. fastfood chains have caused consumers to shun those stores for months.

Erlinger pointed to the Chicago-based company's steps to quickly pull the Quarter Pounder from its menu in the areas where the outbreak has occurred during an appearance on NBC's "Today" show on Wednesday.

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