McDonald’s plans to spend about $8.5 billion through 2036 to modernize its restaurants, expand technology and improve operations as the fast-food giant looks for new ways to attract customers and grow sales.
The investment, announced Wednesday, Sept. 23, at the company’s investor day in Chicago, includes about $5 billion through 2030. McDonald’s said the money will be provided through rent relief and other financial support to help franchisees upgrade restaurants and adopt new technology.
McDonald’s operates more than 46,000 restaurants worldwide. The company estimates that the changes could generate about $100,000 in annual cash-flow benefits…
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