$8.5 Billion McDonald's Modernization Plan Sparks Shareholder Skepticism
McDonald's has unveiled plans to invest up to $8.5 billion by 2036 in modernizing its restaurants and improving operations for franchisees.
The investment aims to increase efficiency, with the company estimating that the average US restaurant could see a $100,000 annual cash flow boost.
McDonald's shares took a hit following the announcement, dropping nearly 6% in recent trading as part of its investor day on Wednesday.