Published 15 days ago

McDonald’s posts weaker-than-expected Q1 results as boycotts weigh on sales

Growth in comparable sales for McDonald's was 1.9% in the first quarter, below Bloomberg's expectations. The US market and the Middle East segment fell short of projected sales.
The business unit encompassing the Middle East experienced a decline in sales.
McDonald's suffered revenue weakness due to boycotts related to the Israel-Hamas war. The company stated ongoing war impacts may continue to affect revenue.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

The Independent

McDonald’s posts weaker-than-expected results after sales hit by boycott

Customers across the Middle East and in Muslim-majority markets like Indonesia have been boycotting McDonald’s

15 days ago·London, United Kingdom

Read Full Article

Associated Press News

McDonald's plans to step up deals, marketing to combat slower fast food traffic

McDonald’s plans to step up deals and value messaging to combat slowing sales. The Chicago burger giant said inflation-weary customers are eating out less often in many big markets.

15 days ago·United States

Read Full Article

Hindustan Times

McDonald's sales miss market expectations amid boycott calls in several markets

Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions

15 days ago·New Delhi, India

Read Full Article

abc News

McDonald's posts weaker-than-expected Q1 results as boycotts weigh on sales

McDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand over its perceived support for Israel

15 days ago·United States

Read Full Article

New York Post

McDonald’s profits hit by inflation, Middle East boycotts over Israel-Hamas war

McDonald's earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits.

15 days ago·New York, United States

Read Full Article

The Hill

McDonald’s higher US sales in Q1 help overcome weakness from boycotts overseas

McDonald’s said higher U.S. sales in the first quarter helped it overcome weakness in the Middle East and other markets where consumers have been boycotting the brand. The Chicago burger giant said its same-store sales – or sales at stores open at least a year — rose 1.9% worldwide in the January-March period. That was…

15 days ago·Washington, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year