McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
Publishing timestamp: 2024-02-05 12:35:57
Summary
McDonald's and Starbucks both reported that the Israel-Hamas war and boycotts negatively impacted their sales in the last quarter. McDonald's saw a slowdown in Middle Eastern sales and demand in majority Muslim countries and France, while Starbucks experienced a decline in traffic to its U.S. stores. Both companies expect the conflict to continue affecting their sales in future quarters.
Sentiment: MIXED
Tickers: MCD, SBUX, QSR, QSR-CA, YUM, DPZ, PZZA,
Keywords: mcdonald's corp, retail industry, restaurants, business news, lifestyle, earnings, domino's pizza inc, united states, breaking news: business, business, yum! brands inc, politics, starbucks corp, breaking news: politics, restaurant brands international inc, papa john's international inc,
Source: https://www.cnbc.com/2024/02/05/mcdonalds-and-starbucks-blame-israel-hamas-war-for-slower-sales.html