McDonald’s says Middle East turmoil is hurting its business | CNN Business ...Middle East

New York CNN  —  McDonald’s said growing tensions in the Middle East have hurt its business. The burger chain, reporting growing overall sales and earnings for fourth quarter, noted that the overseas tensions were weighing on the region’s sales, and the company is monitoring the evolving situation. The Middle East doesn’t make up a huge part of its overall business. McDonald’s for the most part licenses its brand to independent companies in the region, and McDonald’s said it provided some financial assistance in the form of royalty relief or deferred cash collection. McDonald’s noted that it

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