McDonald's Sees 2022 Capital Ependitures About $2.2 Billion to $2.4 Billion

By Michael Dabaie

McDonald's Corp. said it expects 2022 capital expenditures of about $2.2 billion to $2.4 billion, about half of which would go to new restaurant unit expansion across the U.S. and international operated markets.

The company said about 40% would be dedicated to its U.S. business, most of which would go towards reinvestment, including the completion of restaurant-modernization efforts. Globally, McDonald's said it expects to open more than 1,800 restaurants.

McDonald's said it would open more 500 restaurants in the U.S. and international operated markets segments, and developmental licensee and affiliates would contribute capital towards more 1,300 restaurant openings in their respective markets.

The company said it expects more than 1,400 net restaurant additions in 2022.

McDonald's said it expects net restaurant unit expansion would contribute about 1.5% to 2022 systemwide sales growth, in constant currencies.

Write to Michael Dabaie at [e-mail]

(END) Dow Jones Newswires

01-27-22 0758ET