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McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.
McDonald's reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales.
Some of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.
“I had one lady who had used L’Oreal products for over a decade, but she said she would never use it again and was moving on to other local brands,” Phany said.
McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war.