McDonald's CEO says Israel-Hamas war is having a "meaningful" impact on its business
[ad_1]
McDonald's CEO Chris Kempczinski said the restaurant chain is seeing a "meaningful business impact" in the Middle East and elsewhere related to the Israel-Hamas war . In a letter posted to LinkedIn, the executive said Thursday that "misinformation" related to the conflict has affected several of McDonald's markets across the world. Companies including McDonald's and Starbucks have faced boycott campaigns from both pro-Palestinian and pro-Israel groups over their perceived support for one side or the other following Hamas' Oct. 7 attack on Israel . "This is disheartening and ill-founded," Kempczinski said in the letter. Kempczinski didn't disclose how much the conflict has hurt sales. McDonald's is expected to report its earnings later this month, which could reveal more about the effect of the conflict on its operations. McDonald's did not immediately respond to