Wednesday, January 29, 2020

McDonald's sees higher 2020 spending on tech, R&D after sales beat

Yahoo Finance
McDonald's Corp beat forecasts with its quarterly sales on Wednesday and said it would spend more on technology and research in 2020, as the world's largest burger chain bets on revamped stores and menu additions to lure more diners and gain market share.

Chief Executive Officer Chris Kempczinski, who took charge in November after the previous CEO was dismissed, said the global comparable sales growth in 2019 was the chain's highest in more than 10 years.. . . more