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Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
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#GMAIntegratedNews #KapusoStream<br/><br/><br/>Breaking news and stories from the Philippines and abroad:<br/>GMA Integrated News Portal: http://www.gmanews.tv<br/>Facebook: http://www.facebook.com/gmanews<br/>TikTok: https://www.tiktok.com/@gmanews<br/>Twitter: http://www.twitter.com/gmanews<br/>Instagram: http://www.instagram.com/gmanews<br/><br/><br/>GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe
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McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'
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House value figures for April show they have risen for the 15th straight month. The main reason is a lack of supply to meet strong demand for a place to live. It's spurred a new movement to address the housing affordability crisis fighting back against anti-development Nimbys those residents who say, \
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Made in india attack helicopter with highest flight ceiling in the world
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Indian Foreign Minister S. Jaishankar rebuffed U.S. President Joe Biden's assertion that \
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ideaforge share latest news today | ideaforge share analysis | ideaforge share result
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In The Independent post room there's always a tower of beauty products addressed to our Fashion and Beauty editor, Lauren Cunningham. Watch her unbox new arrivals and take a peek at some of the items she'll be reviewing for IndyBest. Today she opens up Dark spot UV Fluid, Exfoliating peel, Instant Blur Primer, L’Oreal Glotion and Tom Ford’s Black Orchid fragrance.The IndyBest seal of approval always takes a product's quality, price, size and ease of use into careful consideration. Read our guides and expert reviews on the IndyBest website.
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Solar-panel installation firms are reporting a four-fold increase in orders in comparison to previous years. Ruth Jackson-Kirby explains how solar can help keep your energy bill down.
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You can get cheaper electricity at night with an Economy 7 meter - but it can come with financial and safety risks if not use correctly
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ARY News 9 AM Headlines | 1st May 2024 | Govt slashes Petrol, Diesel prices
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CNBC’s Jim Cramer has expressed his support for the initial public offering of Viking, VIK, despite its high valuation. Cramer, on his show “Mad Money” on Thursday, discussed the IPO of Viking, a luxury cruise line, which is the largest IPO of the year so far. He noted that Viking’s stock is more expensive than its peers but still believes it’s a good investment.
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