McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
'The Independent' reports that McDonald's posted weaker-
than-expected results in the first quarter of 2024, as a result
of a boycott over the company's perceived support for Israel. .
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
According to McDonald's, higher sales in the
United States helped the fast-food giant overcome
weakness in markets where the brand is being boycotted.
The company saw same-store sales rise by
1.9% worldwide between January and March,
below the Wall Street forecast of 2.1%.
Increased menu pricing and delivery demand
saw same-store sales in the U.S. increase by 2.5%.
In international markets, sales fell
by 0.2% for the first time since 2020.
Despite this, McDonald's said the company's revenue
increased 5% to reach $6.17 billion, while net income went
up 7% to $1.93 billion, in-line with Wall Street estimates.
'The Independent' reports that Muslim-majority
markets like Indonesia, Malaysia and the Middle East
have been boycotting McDonald's for months.
The boycotts started after a McDonald's franchise in
Israel announced in October that it would provide free
meals for Israeli troops amid the ongoing war in Gaza.
In the months since then, the company has tried to limit
the fallout by taking over all 225 McDonald's in the country
with the purchase of Alyonal Limited, its Israeli franchise.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'.
Our hearts remain with
the communities and families
impacted by the war in the Middle East.
We abhor violence of any kind and
firmly stand against hate speech,
and we will always proudly
open our doors to everyone, McDonald's statement, via 'The Indepndent'
Credit: Wibbitz Top Stories Duration: 01:30Published
Tragedy struck on Tuesday as two helicopters collided mid-air during a rehearsal for a Royal Malaysian Navy parade, resulting in the loss of ten lives. The navy confirmed that all victims were crew members aboard the aircraft involved in the accident. The incident occurred at the Lumut naval base in the western state of Perak at 9:32 a.m. local time.
"All victims were confirmed dead at the scene and sent to the Lumut army base hospital for identification," the navy said.
#MalaysianNavy #HelicopterCollision #NavalParadeTragedy #LumutBase #MilitaryAccident #HelicopterCrash #NavalRehearsal #Condolences #TragicLoss #NavyPersonnel
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Here's what you didn't see when Vice President Kamala Harris' sat down with Jimmy Kimmel -- an activist group infiltrated the audience and called her out for.. TMZ.com
An Israeli strike early Thursday on a UN-run school sheltering displaced Palestinians in central Gaza killed over 30 people, including 23 women and children.
Credit: euronews (in English) Duration: 01:00Published
Yemen's forces struck Israeli and U.S. ships in support of Palestinians facing an "Israeli genocidal war" in Gaza and in retaliation for U.S. aggression. They vowed operations to continue until the Gaza assault and blockade end. Recent U.S.-British attacks in Yemen killed 16, wounded 40.
#Yemen #HouthiForces #Israel #US #Palestine #BritishShips #Palestineattack #YahyaSaree #worldnews #Oneindia #Oneindianews
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Israel targeted a Gaza school, claiming it contained Hamas fighters, killing 27 civilians seeking shelter, which Hamas denied. Hamas leader Haniyeh rejected the U.S. ceasefire proposal, demanding a permanent Israeli withdrawal. Despite U.S. efforts, truce attempts failed as Hamas insists on a lasting deal while Israel wants only temporary pauses until defeating Hamas. The eight-month war erupted after a Hamas attack killed 1,200 Israelis.
#Israel #Gazawar #Gazaschool #Nuseirat #USCeasefire #Biden #Netanyahu #Gazawar #IsraelHamasWar #Israelwarlive #Gazalive #Worldnews #Oneindia #OneindiaNews
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Malaysia: Boycott campaigns hit dozens of brands accused of supporting Israel
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