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McDonald's Posts Disappointing Q1 Results Amid Ongoing Boycotts

2024-04-30 406 Dailymotion

McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br />'The Independent' reports that McDonald's posted weaker-<br />than-expected results in the first quarter of 2024, as a result <br />of a boycott over the company's perceived support for Israel. .<br />'The Independent' reports that McDonald's posted weaker-<br />than-expected results in the first quarter of 2024, as a result <br />of a boycott over the company's perceived support for Israel. .<br />According to McDonald's, higher sales in the <br />United States helped the fast-food giant overcome <br />weakness in markets where the brand is being boycotted.<br />According to McDonald's, higher sales in the <br />United States helped the fast-food giant overcome <br />weakness in markets where the brand is being boycotted.<br />The company saw same-store sales rise by <br />1.9% worldwide between January and March, <br />below the Wall Street forecast of 2.1%.<br />Increased menu pricing and delivery demand <br />saw same-store sales in the U.S. increase by 2.5%.<br />In international markets, sales fell <br />by 0.2% for the first time since 2020.<br />Despite this, McDonald's said the company's revenue <br />increased 5% to reach $6.17 billion, while net income went <br />up 7% to $1.93 billion, in-line with Wall Street estimates.<br />'The Independent' reports that Muslim-majority <br />markets like Indonesia, Malaysia and the Middle East <br />have been boycotting McDonald's for months.<br />The boycotts started after a McDonald's franchise in <br />Israel announced in October that it would provide free <br />meals for Israeli troops amid the ongoing war in Gaza.<br />In the months since then, the company has tried to limit <br />the fallout by taking over all 225 McDonald's in the country <br />with the purchase of Alyonal Limited, its Israeli franchise.<br />Our hearts remain with <br />the communities and families <br />impacted by the war in the Middle East. <br />We abhor violence of any kind and <br />firmly stand against hate speech, <br />and we will always proudly <br />open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br />Our hearts remain with <br />the communities and families <br />impacted by the war in the Middle East. <br />We abhor violence of any kind and <br />firmly stand against hate speech, <br />and we will always proudly <br />open our doors to everyone, McDonald's statement, via 'The Indepndent'

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