Macdonald’s Positive Gesture: Sales Growth Slightly Below Expectations Following Free Meals for Israeli Soldiers
Global sales of stores and goods sold for at least a year grew 3.4 percent in the October-December 2023 period last year, in line with Wall Street expectations, a survey by FactSet found. This is much less than the increase of 4.7 percent.
by TAUHID SHAH: February 5:Monday: 22:34| 2024 Updated.
Customers in the Middle East McDonald’s, an Israeli company, had announced last year that it would provide free food to the Israeli army, after which the Israeli people had become angry.
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Chris Kempczinski, CEO and president of McDonald’s, warned that misinformation being spread in the Middle East and elsewhere is hurting sales.
Due to this, in addition to the boycott by the customers, due to the protests, McDonald’s has to temporarily limit its hours and at some places, some locations have to be closed.
This information has been taken from aljazeeraenglish.com
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