McDonald's Holdings Co. (Japan)'s first-quarter loss narrowed as the fast-food chain won back some customers after being hit by a series of food safety scandals.
The net loss was ¥176 million for the three months ended March 31 compared with ¥14.6 billion a year earlier, the Japan unit of McDonald's Corp. said in a statement Wednesday. Revenue rose 28 percent to ¥52.2 billion. The company maintained its full-year profit forecast at ¥1 billion, according to the statement.
The number of customer visits to McDonald's Japan business outlets increased for a fourth consecutive month in April as the Tokyo-based company introduced menu tweaks while shutting stores and cutting jobs following food scandals that caused it to post its second straight year of losses in 2015.
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