From CNBC:

Summary:
In the wake of the Israel-Hamas war, McDonald’s and Starbucks both report sales downturns in the Middle East. McDonald’s sales fell 4% after the Israel licensee offered discounts to soldiers, prompting boycotts. Starbucks, now a target of boycotts, saw a struggle in its Middle East sales, combined with U.S. revenue dips.

McDonald’s and Starbucks’ U.S. sales have also been affected, with customers visiting less frequently. Starbucks plans to revive demand with more targeted promotions and new drinks, while McDonald’s doesn’t expect its Middle Eastern sales to recover until the war ends. Both companies are preparing for future quarters with caution.



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