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☆ Domino's pizza is the latest American product facing backlash in Asia amid the Middle East turmoil, exec says
  + stars: | 2024-01-26 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
Read previewDomino's Pizza is the latest American brand to face blowback as some consumers change their buying habits in light of Israel's invasion of Gaza. Domino's Pizza Enterprises, a franchisee of the US company that operates Domino's restaurants in Australia, Europe, and Asia, said same-store sales in Asia fell an estimated 8.9% in the second half of 2023. Domino's Pizza Enterprises also operates in countries including Singapore, Japan and Taiwan. Spokespeople for Domino's Pizza Enterprises and Procter & Gamble did not immediately respond to Business Insider's request for additional comment. In an investor presentation last month, Unilever CEO Hein Schumacher said that some of its brands in Indonesia have been affected by "the wars in the Middle East."
Persons: —, America —, Donald Meij, Domino's, Gamble, McDonald's hasn't, Ian Borden, Borden, Hein Schumacher Organizations: Service, Business, Pizza Enterprises, Enterprises, Palestine, CNN, Israel, Procter & Gamble, Bloomberg, Starbucks, Domino's Pizza Enterprises, Procter, Reuters, Unilever Locations: Gaza, Australia, Europe, Asia, Malaysia, Singapore, Japan, Taiwan, Israel, Indonesia, Pakistan, pushback, Egypt, Jordan, London
☆ This fast food giant is testing a key long-term level that could signal more volatility ahead
  + stars: | 2023-08-23 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Shares of the fast food giant dipped below their 200-day moving average this week. A moving average consists of a security's average closing price over a specified time. The fast food chain finished Tuesday's session at $280.31, just above its 200-day average of $279.86, but dipped below that mark during the session. Still, he warned that McDonald's shares could be in for swings ahead. MCD YTD mountain McDonald's shares this year The company beat expectations on both lines when reporting earnings last month.
Persons: JC O'Hara, Roth, O'Hara, McDonald's, John Kolovos, Kolovos, Refinitiv, Bernstein, Aneesha Sherman, Sherman, Michael Bloom, Gabriel Cortez Organizations: McDonald's hasn't, Wall Street Locations: McDonald's
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