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Anti-Israel boycotts cause decline in sales

Israel's attacks on Gaza have led to a boycott trend that adversely affected company sales worldwide. McDonald's sales have declined for the first time since 2020. Starbucks and KFC were also among the companies that have been negatively affected by the boycotts.

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Anti-Israel boycotts cause decline in sales

Israel's continued attacks on Gaza have caused the popular fast-food chain McDonalds to have a %1 drop in sales in the second quarter of 2024. Such a decline in sales was recorded for the first time since 2020, and subsequently led to a decline in revenues and profits.

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The company's revenue for the second quarter fell short of market expectations at $6.49 billion, while net profit decreased by 12%.

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Anti-Israel boycotts cause decline in sales

U.S.-based companies Starbucks and KFC were also affected by the boycotts against Israel.

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Starbucks, which is boycotted in the Middle East and Asia, have seen a decline in revenues in the first quarter of 2024. Its revenues decreased by 2% year-on-year, dropping to $8.6 billion in the January-March period.

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Anti-Israel boycotts cause decline in sales

In April, KFC temporarily closed 108 outlets in Malaysia following an anti-Israel boycott.

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