McDonald’s has missed a key sales target, partly due to customers boycotting the firm for its perceived support of Israel.
The fast food chain reported its first quarterly sales miss in nearly four years due to weak growth in its international business division.
Its boss previously acknowledged the impact of the conflict, blaming “misinformation”.
Shares in McDonald’s fell about 4 per cent after the announcement.
McDonalds is one of several Western corporations including Starbucks and Coca Cola that have seen boycotts and protests against them by anti-Israeli campaigners.
The firm said that the Israel-Gaza conflict had “meaningfully impacted” performance in some overseas markets in the fourth quarter of 2023.