McDonald’s sales dented by Israel-Gaza boycotts | BBC

February 6, 2024February 5, 2024 ~ knjohn ~ Leave a comment

McDonald’s has missed a key sales target, partly due to customers boycotting the firm for its perceived support of Israel.

The fast food chain reported its first quarterly sales miss in nearly four years due to weak growth in its international business division.

Its boss previously acknowledged the impact of the conflict, blaming “misinformation”.

Shares in McDonald’s fell about 4% after the announcement.

McDonalds is one of several Western corporations including Starbucks and Coca Cola that have seen boycotts and protests against them by anti-Israeli campaigners.

McDonald’s is closing its Times Square location | CNN

June 25, 2020June 24, 2020 ~ knjohn ~ Leave a comment

McDonald’s has closed its iconic restaurant on 42nd Street in New York City’s Times Square.

The closure had been planned prior to the pandemic, the company said in a statement to CNN Business, noting that it “was a difficult decision.”

But McDonald’s (MCD) will still have a large presence in the area.

McDonald’s Ends Olympics Deal Three Years Early | BBC News

June 16, 2017June 16, 2017 ~ knjohn ~ Leave a comment

McDonald’s and the International Olympics Committee (IOC) are ending their long-running sponsorship deal three years early.

The fast food chain said it was “reconsidering all aspects of its International Olympics Committee business” as part of a plan to re-invigorate its business.

The IOC said it understood “that McDonald’s is looking to focus on different business priorities”. The partnership began in 1976.

“For these reasons, we have mutually agreed with McDonald’s to part ways,” said the IOC.