McDonald’s lost $7 billion in value within hours after announcing the continued impact of the boycott on sales

McDonald’s lost $7 billion of its value within hours after its financial director announced the continued impact of the boycott in the Middle East on sales during the current year.

According to CNBC, McDonald’s shares fell by more than 3%, on track to record its largest daily loss in 5 weeks.

The company’s chief financial officer said that international sales will continue to decline in the current quarter, under pressure from the conflict in the Middle East and weak demand in China.