Reginal Thomas
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McDonald's Plans To Invest In More Restaurants


McDonald's Corp. announced today it plans to spend $3 billion next year on open 1,600 new restaurants and remodel 1,000 others. McDonald's has struggles recently to expand sales at established restaurants after years of dominating the market. In October the hamburger chain cut its 2013 spending outlook by $100 million to $3 billion and decided to delay the opening of some new restaurants due to weakness in China and other emerging markets. McDonald's is expecting overall commodity costs for 2014 to increase 1% to 2% in the United States and 1.5% to 2.5% in Europe.