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McDonald's Posts Disappointing Q1 Results Amid Ongoing Boycotts

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
McDonald's Posts Disappointing Q1 Results Amid Ongoing Boycotts

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.

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'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.

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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'


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Trump’s Travel Ban Returns: 12 Nations BLOCKED From Entering US | Big Travel Crackdown Begins June 9 [Video]

Trump’s Travel Ban Returns: 12 Nations BLOCKED From Entering US | Big Travel Crackdown Begins June 9

Former President Donald Trump has signed a new proclamation banning nationals from 12 countries, including Afghanistan, Iran, Somalia, and Sudan, from entering the U.S., citing national security threats and poor vetting standards. The White House says the ban will take effect June 9 and partially restricts travel from seven additional nations. Trump linked the move to a recent attack in Colorado and emphasized the need to prevent unvetted migration. The policy echoes his earlier "Muslim Ban," drawing controversy but winning court backing. Certain exemptions, like green card holders, remain. #Trump #TravelBan #ImmigrationPolicy #NationalSecurity #TrumpBan #MuslimBan2 #ForeignPolicy #USAImmigration #VisaBan #TrumpSpeech #TruthSocial #GlobalPolitics #SecurityFirst #ColoradoAttack #USBorders #MigrationBan #TrumpProclamation #TrumpAdministration #RefugeePolicy #GreenCard #MiddleEastPolicy #BanList #AmericaFirst #VettingPolicy #ControversialBan #BreakingNews #PresidentialOrder #WhiteHouse #June9 #USPolitics #BannedCountries Also Read Trump Announces Travel Ban Affecting 12 Countries, Set To Go Into Effect Monday :: https://www.oneindia.com/international/trump-announces-travel-ban-affecting-12-countries-set-to-go-into-effect-monday-4172715.html?ref=DMDesc Trump Doubles Steel, Aluminium Tariffs To 50%, Excludes UK: "Vital For America's 'National Security'" :: https://www.oneindia.com/international/trump-doubles-steel-aluminium-tariffs-to-50-excludes-uk-vital-for-americas-national-security-4171703.html?ref=DMDesc Rahul Gandhi Targets PM Modi, Says Prime Minister Surrendered After Donald Trump's 'Ceasefire' Call :: https://www.oneindia.com/india/rahul-gandhi-targets-pm-modi-says-prime-minister-surrendered-after-donald-trumps-ceasefire-call-4171423.html?ref=DMDesc ~HT.318~ED.346~GR.122~

Credit: Oneindia    Duration: 03:02Published