Middle east crisis weighs on McDonald's sales in West, South India & it's not 'lovin it'

Quick Summary:

McDonald's sales in West and South India have been severely impacted by geopolitical unrest, with some locations experiencing a 50% drop in sales.

The decline is attributed to the ongoing conflict in the Middle East and its impact on consumer sentiment towards American brands.

As part of its ongoing struggle, Westlife Foodworld is grappling with heightened competition from local food chains and the broader macroeconomic pressures of food inflation.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaEgyptIsraelNew ZealandPakistan

Topics: Israel-Gaza conflict repercussions Westlife Foodworld profits drop Middle East conflict impact on business QSR industry in India Business news McDonald's sales decline

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 21:09:19 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 848 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 23465551

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 21 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

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Publisher ID: #28

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