McDonald’s and Starbucks blame Israel-Hamas war for slower sales

People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel.  Alexi Rosenfeld | Getty Images McDonald’s and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of … Read more

McDonald’s, Chipotle amongst restaurant earnings winners and losers

A McDonald’s restaurant close to Instances Sq., NYC on July twenty ninth, 2023. Adam Jeffery | CNBC Restaurant firms navigating a number of the identical challenges within the second quarter fell into two classes: winners and losers. Some chains mentioned their larger menu costs alienated diners, whereas others mentioned shopper habits hasn’t modified whilst their … Read more