The Al Mayadin news channel reported on Tuesday that McDonald's sales had dropped by 1% in the second quarter of 2024, marking the first quarterly decline since 2020.
During this period, the company's sales in the US had decreased by 0.7%, sales in the "International Operated Markets" segment decreased by 1.1%, and sales in the "International Developmental Licensed Markets" segment, which includes restaurants where the company licenses its franchising rights to strategic partners, decreased by 1.3%.
The balance sheet admitted "the ongoing impact of the war in the Middle East" on the company's sales.
The report showed that the net income of McDonald’s had decreased 12% to just over $2 billion in the second quarter of the year compared to the same quarter in 2023.
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