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International media reports indicate the extent of economic losses among American commercial companies due to the widening scope of the economic boycott, driven by the ongoing Zionist crimes in Gaza and Lebanon. Financial data shows the cost of Israeli aggression is doubling day by day, impacting new sectors and increasing the economic pressure on Israel.
Reports confirm that losses for leading brands targeted by the boycott have reached significant levels, especially in the last quarter of the current year. These losses may compel these brands to reconsider their stance on Israeli actions.
The reports show these losses "through declining revenues from areas in the Middle East and other Islamic countries," or from drops in total revenues and profits for companies affected by the boycott.
For example, U.S. coffee chain Starbucks reported a 7% decrease in sales between July and September 2024, compared to the same period last year, amid boycott campaigns. Starbucks' profits dropped to $909.3 million in the last quarter from $1.21 billion in the same quarter last year. Per-share earnings fell 25% to 80 cents, with revenues and profits falling short of market expectations.
The results indicate that Starbucks faced negative impacts in the first nine months of this year due to protests and boycott campaigns targeting international companies supporting the Israeli entity amid its genocidal war on Gaza.
Likewise, profits for the Americana restaurant chain—Pizza Hut, KFC, Hardee's, Krispy Kreme, and TGI Fridays—dropped nearly by half during the first nine months of this year, as regional markets boycotted brands accused of supporting Israel. Americana reported a 48.2% decline in net profits, reflecting the strong impact of the boycott and growing awareness of this strategy as a means to exhaust the enemy.
The company stated that this drop in profits is due to declining sales this quarter because of the ongoing geopolitical situation in the region, suggesting the boycott is behind these losses.
In a similar context, McDonald's saw a slight 2% drop in profits during the last quarter of this year, bolstered by substantial Saudi support. However, Coca-Cola’s profits fell by 14% following a decline in sales in the Arab and North African regions, with the company concealing the reasons for this decline, which itself confirms that the boycott is the main, if not the sole, cause.
PepsiCo also reported a significant 5% drop in overall revenues, attributed to declining sales in the Arab and North African regions, as confirmed by the reports.
These indicators reveal that sales and profits of companies subject to the boycott are shrinking over time, showing a continuous upward trend in the boycott’s effectiveness, which has led to consistent revenue declines for these companies.
This trend confirms that ongoing Zionist aggression with American backing in Gaza and Lebanon will only expand the boycott's impact, leading to sustained financial losses for these corporations, not just reduced profits or revenues. This will increasingly curb American support for Israeli aggression and exert additional pressure on Israel to end its brutal massacres.
#Boycott #GazaGenocide About 1 month
This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world
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