ISRAEL: Food sales rise 2.6% in October, McDonald’s in line with last year
Following the recent sharp decline of food sales by Israeli supermarkets, amounting to 3.9% compared with the corresponding period a year ago, food sales in October showed an increase of 2.6%.
According to a report by Maariv, sales by McDonald's Israel in 2002 will reach NIS330m (US$70.2m), similar to sales revenues in 2001. Net profit, according to Omri Padan, CEO of McDonald's Israel, will this year reach NIS10m ($2.12m).
Padan relayed these figures marking the opening this week of the 100th McDonald's outlet in Israel. He added that as of 1 January, 2003, he will relinquish his position as CEO and serve as Active Chairman of the chain. Eitan Ben-Zeev will replace him as CEO of McDonald's Israel.
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