MCD - McDonald's Controversy Backlash Amidst A 16% Decline - Will It Soar Beyond $250 Ahead Of The Earnings Tsunami? | Benzinga
- McDonald's is in the midst of a controversy due to its Israeli franchisees providing free meals to the Israeli Defense Forces during their operations against Hamas.
- Financially, McDonald's stock has suffered, dropping 16% since July 2023, with a notable 5.31% of that decline happening this month.
- Q3 earnings release are scheduled for October 30, with projections at $3.00 per share.
McDonald's Corp (NYSE: MCD) finds itself embroiled in controversy, a situation that could potentially impact both its brand image and stock performance.
The uproar began when it was revealed that McDonald's, through its Israeli franchisees, had been providing complimentary meals to members of the Israeli Defense Forces (IDF) during their operations against Hamas.
They initially shared their support on Instagram, highlighting their contribution of 4,000 ...