McDonald's hit by 'meaningful business impact' linked to war in Gaza

McDonald's Posts Disappointing Q1 Results Amid Ongoing Boycotts

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'

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

Fast Food Chains Warn Consumers , That Worker Pay Increases Will Impact Prices. 'Newsweek' reports that franchises have warned an increase of the minimum wage for fast food workers in California could also force menu prices to climb. As of April 1, fast food restaurants in California will have to pay employees at least $20 an hour, an increase of four dollars from the current $16 an hour. . Business owners have warned that the new law, signed in by Democratic governor Gavin Newsom, will have an impact on margins and consumer costs. . At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". According to McDonald's numbers, the price of the signature Big Mac burger is currently $5.89 in California, the 10th highest in the United States. The latest data compiled by 'The Economist' shows that the average price of a Big Mac nationwide is currently $5.69, which is up from $5.36 at the same time in 2023. . Last year, McDonald's , reported net profits of , almost $8.5 billion. According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers. . In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers.

Krispy Kreme to Be Sold at McDonald’s Nationwide

Krispy Kreme to Be Sold , at McDonald’s Nationwide. Krispy Kreme to Be Sold , at McDonald’s Nationwide. Both food chains made the announcement on March 26, CNBC reports. . The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. . That's because Krispy Kreme will have to "more than double its distribution" to meet demand, CNBC reports. . We think we can service about 6,000 restaurants with our existing infrastructure, mostly doughnut shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC. Shares of Krispy Kreme jumped 22% following the announcement. Krispy Kreme is also expanding distribution to grocery and convenience stores. That means that the overall efficiency and productivity of our distribution network will significantly improve over time, not just because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC. Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC. Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC

Iraqi Islamic Resistance Launches a Dramatic Missile Strike on Israel’s Ramon Airbase | Video Out

Iraqi fighters launch a cruise missile attack on Israel's Ramon Airbase in the Negev Desert, housing war plane and helicopter squadrons. The Islamic Resistance, in solidarity with Gaza, claims responsibility, using advanced Arqab cruise missiles. This marks their 84th attack on the Zionist regime since the war's onset and the fourth within 48 hours. Asa'ib Ahl al-Haq movement asserts readiness for war against the occupying regime, having conducted numerous strikes against the IDF. #IraqiIslamicResistance #MissileStrike #RamonAirbase #VideoFootage #RafahOffensive #GazaWar #IsraelHamasWar #ConflictFootage #MiddleEastTensions #MilitaryConflict #WarZone #GlobalSecurity #InternationalRelations #MilitaryAction #NewsUpdate ~HT.178~PR.152~ED.101~GR.125~

Watch Retaliatory Artillery & Drone Attacks between Hezbollah & Israeli Forces | Oneindia News

In a dramatic escalation of tensions, Hezbollah militants target Israeli military installations, including the Iron Dome, in response to ongoing aggression against Gaza. Join us for an in-depth analysis of the latest developments in the volatile Middle East. #Hezbollah #HezbollahStrikes #HezbollahAirStrike #IsraeliIronDome #IsraelIronDome #HezbollahvsIsrael #IsraelHamasWar #IsraelIranWar #Oneindia ~PR.274~HT.318~ED.194~GR.123~

Lord Cameron condemns video of British-Israeli hostage

Lord Cameron has condemned a video of British-Israeli hostage Nadav Popplewell as the Foreign Office investigates the claims that he has been killed in Gaza. Hamas say Mr Popplewell has died from wounds sustained in an Israeli airstrike over a month ago. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

French doctor speaks about experience working in Gaza

Egypt Refuses Aid Coordination with Israel Amid Evacuations| Gaza Crisis Update | Oneindia

In a significant development, Egypt's refusal to coordinate with Israel on aid entry into Gaza via the Rafah Crossing has intensified the humanitarian crisis. Israeli sources express concerns over the impact on IDF operations. Stay informed on the latest developments in the Gaza crisis. #Gaza #GazaCrisis #IsraelHamasWar #IsraelPalestine #IsraelHamas #IsraelEgypt #RafahCrossing #Oneindia ~HT.178~PR.274~ED.101~GR.125~

Israel attacks northern Gaza's Jabaliya refugee camp

Israeli military tanks have ventured into the camp after five Israeli soldiers were killed over the weekend.

Iran's Nuclear Warning to Israel: Khamenei's Advisor Makes Shocking Revelations | Oneindia News

Amid escalating tensions, Kamal Kharrazi, an adviser to Iran's leadership, issues a stark warning to Israel regarding Iran's nuclear doctrine. Watch the exclusive details of this critical development unfolding in the Middle East. #Iran #IranvsIsrael #Rafah #RafahInvasion #IsraelHamasWar #IsraelIranConflict #AyatollahKhamenei #BenjaminNetanyahu #GazaStrip #Oneindia ~HT.97~PR.274~ED.194~

Foreign Secretary Urges Hostage Deal to Halt Rafah Offensive

Lord Cameron has expressesd concern over Israel's plans for an offensive in Rafah, stressing the need for a clear plan to safeguard civilians. He calls for Hamas to accept the offer of a hostage deal to achieve a ceasefire and humanitarian aid access. Report by Etemadil. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

IDF Strikes Hamas' Stronghold in Jabalia: 5 Soldiers Lost, Evacuation Ordered | Oneindia News

The Israeli Defense Forces launch massive airstrikes on the city of Jabaliya in the Northern Gaza Strip, following an evacuation order due to imminent military operations. As Hamas attempts to reestablish its presence, the IDF sets the stage for a new offensive. Reports of civilian casualties emerge as Israel intensifies its ground assault, reigniting conflict in the region. #Jabalia #JabaliaStrike #JabaliaEvacuation #IDF #IsraeliDefenceForce #Hamas #IDFSoldiers #IsraelHamasWar #GazaWar #GazaEvacuation #Oneindia ~HT.99~PR.274~ED.103~

Hamas Releases A Disturbing Video Of Hostage, Warns That ‘Time Is Running Out’ | Watch

Hamas released a distressing video featuring hostage Nadav Popplewell, a British national abducted during the October 7 attack. The captive, visibly under duress with a black eye, delivers a chilling message suggesting time is running out. This release follows a prior video showing two other hostages alive. The videos intensify pressure on the Israeli government to secure the captives' release amidst ongoing negotiations between the two sides. #Hamas #HostageVideo #TimeIsRunningOut #IsraelHamasWar #MiddleEastConflict #Terrorism #InternationalRelations #Crisis #SecurityThreat #HumanitarianConcerns ~HT.97~PR.152~ED.194~