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McDonald’s Says It Plans to Spend Up to $8.5B on Improving Restaurants. The Stock Is Sliding
McDonald’s shares have lost more than 20% of their value since the start of the year.Credit: Marcin Golba / NurPhoto via Getty ImagesKey TakeawaysMcDonald’s plans to invest up to $8.5 billion by 2036 to help franchisees modernize restaurants and improve operations.The company said greater efficiency could boost the average U.S. restaurant’s annual cash flow by $100,000.McDonald’s said it plans to spend billions of dollars over the next decade to improve restaurants. Shareholders don’t seem too keen on the idea.McDonald’s (MCD) shares were down nearly 6% in recent trading, leading Dow Jones…
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