Tuesday, February 2, 2021

McDonald's plans to open 500 US restaurants in 2021

Plain Vanilla Shell
During its recent Q4 earnings call, McDonald's announced plans to open about 500 new restaurants in the U.S., part of a bigger plan to open more than 1,300 new locations around the world. During the call, CFO Kevin Ozan said the company will spend nearly half of its $2.3 billion of capital to open those restaurants, calling new restaurant development an "important driver of our growth.". . . more