McDonald's sees sales slump in India amid ongoing Israel-Gaza conflict

Quick Summary:

This highlights a growing trend of geopolitical events influencing consumer behaviour and affecting global businesses across various sectors.

In particular, the ongoing global conflict has contributed to reduced consumer confidence and spending.

Despite some improvement, certain locations, such as those in Mumbai Central and Mazgaon, are still significantly underperforming, with sales figures dropping to less than half of what they were before the crisis.

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Article Details

Category: BusinessFinance

Markets: IndiaEgyptIsraelPakistan

Topics: Store performance Quick service restaurants Same-store sales Sales decline Westlife Foodworld McDonald's India Food inflation Middle East tensions India market Israel-Gaza conflict Profit drop Recovery prospects Geopolitical crisis Consumer boycotts Regional sales slump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 13:02:26 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23458419

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 308 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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