McDonald's boss blames 'misinformation' for impact of war in Gaza on business

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. . '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. . 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'

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

Fast Food Chains Warn Consumers , That Worker Pay Increases Will Impact Prices. 'Newsweek' reports that franchises have warned an increase of the minimum wage for fast food workers in California could also force menu prices to climb. As of April 1, fast food restaurants in California will have to pay employees at least $20 an hour, an increase of four dollars from the current $16 an hour. . Business owners have warned that the new law, signed in by Democratic governor Gavin Newsom, will have an impact on margins and consumer costs. . At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". According to McDonald's numbers, the price of the signature Big Mac burger is currently $5.89 in California, the 10th highest in the United States. The latest data compiled by 'The Economist' shows that the average price of a Big Mac nationwide is currently $5.69, which is up from $5.36 at the same time in 2023. . Last year, McDonald's , reported net profits of , almost $8.5 billion. According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers. . In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers.

Krispy Kreme to Be Sold at McDonald’s Nationwide

Krispy Kreme to Be Sold , at McDonald’s Nationwide. Krispy Kreme to Be Sold , at McDonald’s Nationwide. Both food chains made the announcement on March 26, CNBC reports. . The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. . That's because Krispy Kreme will have to "more than double its distribution" to meet demand, CNBC reports. . We think we can service about 6,000 restaurants with our existing infrastructure, mostly doughnut shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC. Shares of Krispy Kreme jumped 22% following the announcement. Krispy Kreme is also expanding distribution to grocery and convenience stores. That means that the overall efficiency and productivity of our distribution network will significantly improve over time, not just because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC. Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. . Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC. Overall, therefore, it makes our system more profitable to grow the deliver fresh daily channel, and McDonald’s is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC

Biden faces silent Gaza protest at Martin Luther King Jr's college

Iraqi Islamic Resistance Launches Fresh Blitz On A Strategic Target in Israel’s Eilat Port | Video

Islamic Resistance in Iraq launched a drone attack on a strategic site in Israel's port of Eilat, targeting a vital installation. The group released a video showing the moment of the strike, claiming it as part of their ongoing struggle against the Israeli regime. This marks the first use of Al-Arfad suicide drones in operations against Israel. The frequency of such attacks has increased since the renewed Israeli offensive in Gaza. The resistance group pledged to continue targeting and destroying important Israeli installations. #Iraq #IslamicResistance #Israel #EilatPort #DroneAttack #MiddleEastConflict #StrategicTarget #MilitaryStrike #PortOfEilat #ResistanceGroup #WarFootage #AlArfadDrones #KamikazeDrones #GazaConflict #IsraelAttack ~HT.97~PR.152~ED.194~

Israel's Benny Gantz sets June 8 deadline for adoption of new Gaza war plan

Centrist member of Israel's three-member war cabinet, Benny Ganz, threatened to resign if the government does not adopt his six-point plan for the Gaza operation by 8 June.

ICC prosecutor seeks arrest warrants for Netanyahu and three Hamas leaders

‘People Of Israel Are Watching You’: Gantz Clashes With Netanyahu Over No Post-war Plan For Gaza

Israeli war cabinet minister Benny Gantz has issued a stark ultimatum, threatening to resign unless Prime Minister Benjamin Netanyahu outlines a comprehensive post-war strategy for the Gaza Strip by 8 June. Gantz demands a plan to achieve six key strategic goals, including ending Hamas rule in Gaza and establishing a multinational civilian administration for the territory. #GantzVsNetanyahu #IsraelHamasConflict #GazaPostWarPlan #IsraelWarCabinet #NetanyahuGantzClash #GazaStrategy #MiddleEastConflict #IsraelDefenseForces #HamasConflict #PostWarGaza #GantzUltimatum #IsraeliPolitics #WarStrategy #NetanyahuLeadership #PeaceInGaza ~PR.152~ED.194~GR.125~HT.96~

Who killed Raisi?: Israel Behind Iran's Raisi's Chopper Crash Or Rare Technical Glitch?

Ebrahim Raisi, the Iranian President known for his hard-line stance and close ties to the country's supreme leader, passed away at the age of 63. Raisi was heavily involved in the large-scale executions of thousands in 1988 and subsequently oversaw Iran's efforts to enrich uranium to levels close to those required for nuclear weapons. Additionally, he led Iran as it conducted a significant drone and missile strike against Israel. Given Raisi's polarising leadership and the myriad internal and external challenges confronting Iran, conjecture has arisen regarding the potential involvement of domestic adversaries or even external entities such as Israel. #WhoKilledRaisi #IsraelIranTensions #EbrahimRaisi #HelicopterCrash #PoliticalConspiracy #TechnicalGlitch #MiddleEastPolitics #IranianLeadership #MossadSuspicions #RaisiDeath #GeopoliticalUnrest #IranianTragedy #InvestigationOngoing #LeadershipCrisis #GlobalSpeculation ~PR.152~ED.155~

Israel Launches Fresh Attack in Gaza’s Nuseirat Refugee Camp, 20 Killed In The Strike

In the heart of the night, tragedy unfolded in Gaza's central Nuseirat refugee camp as the relentless conflict between Israel and Gaza took another devastating turn. At least 20 lives were tragically cut short in an Israeli airstrike, shattering the peace of the Hassan family home. Hospital authorities confirmed the grim toll on Sunday, marking yet another painful chapter in the ongoing violence gripping the region. Additionally, air raids targeted the vicinity of Kamal Adwan Hospital in Beit Lahia, located in the northern region of Gaza, adding to the already devastating toll of casualties. #IsraelGazaConflict #NuseiratRefugeeCamp #RafahOffensive #JabaliaCamp #GazaUnderAttack #HumanitarianCrisis #WarInGaza #GazaStrikes #PalestinianLivesMatter #MiddleEastConflict #CeasefireNow #SaveGaza #EndTheViolence #GazaUnderSiege #PeaceForGaza ~HT.97~PR.152~ED.103~