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

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.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on MCD:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles