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McDonald’s plans to open 1900 new restaurants in FY23 on gross basis

Sees FY23 interest expense 10%-12%. Sees FY23 tax rate 20%-22%. Says currency rate have been fluctuating quite a but. Sees FY23 capital expenditures $2.2B-$2.4B. Says globally plans to open 1900 new restaurants this year on a gross basis. Says on a net basis expects to open 1500 new restaurants. Says expects strong cash flow in FY23. Says digital gives an unlock to get more tailored. Says in Q4 36% of transactions were digital transactions. Comments and guidance taken from Q4 earnings conference call.

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