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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
Air India to resume Delhi-Tel Aviv flights from May 16, 2024, after two suspensions. Airlines may fly over Iran airspace amidst calm in Iran-Israel conflict... IndiaTimes
Witness the surge of pro-Palestine protests as students across major Australian and Canadian cities set up encampments on university campuses. Quebec’s premier calls for the dismantling of a protest encampment at Montreal’s McGill University, reflecting escalating tensions surrounding the Israel-Palestine conflict. Stay updated on the latest developments in this global movement for solidarity and justice.
#CampusProtest #CampusProtestinColumbia #CampusProtestinAustralia #CampusProtestinCanada #ProPalestinianProtestors #IsraelHamasWar #Oneindia
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France's esteemed Sciences Po university announced the closure of its main Paris site on Friday, May 3, in response to a recent occupation by pro-Palestinian students. The closure follows a series of protests fueled by outrage over the Israel-Hamas conflict and the resulting crisis in Gaza.
Credit: euronews (in English) Duration: 01:00Published
India emphasized the importance of balancing freedom of expression with public safety amidst escalating protests against Israeli military actions at US universities. External affairs spokesperson Randhir Jaiswal urged democracies to maintain this balance, stressing that actions at home define reputations globally. The statement coincides with intensified crackdowns, including New York City police raiding Columbia University to disperse pro-Palestinian demonstrators.
#IndiaonUS #IndiaUS #Students #USUniversities #ColumbiaUniversity #USStudentnews #Worldnews #Oneindia #Oneindianews
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Turkey halts all trade with Israel due to ongoing violence against Palestinians in Gaza. The move follows previous export restrictions and aims to pressure Israel into facilitating humanitarian aid. Turkey pledges to rigorously implement the measures until the flow of aid to Gaza is ensured.
#Turkey #Palestine #Gaza #Turkiye #IsraelGazawar #IsraelPalestine #Worldnews #Israelwarlive #Oneindia #Oneindianews
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