McDonald's CapEx Steps Higher: What's Supporting the ROI Case?

2026-03-10 10:01:18

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McDonald’s is increasing its capital expenditures to $3.7-$3.9 billion in 2026, up from $3.4 billion in 2025, primarily for new restaurant openings and development pipeline. The company plans to open approximately 2,600 new restaurants globally in 2026, aiming for 50,000 worldwide by the end of 2027, with new units performing as expected even in mature markets. Despite the higher investment, McDonald’s stock has outperformed its industry peers over the past year, though its forward P/S ratio is above the industry average, with a Zacks Rank of #3 (Hold).

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