McDonald's Expects 2023 Operating Margin Percent To Be About 46%, Expects Capital Expenditures $2.2B-$2.4B, Globally Expects To Open About 1,900 Restaurants In 2023
Portfolio Pulse from Benzinga Newsdesk
McDonald's has projected its operating margin percent to be around 46% in 2023. The company also expects to spend between $2.2B and $2.4B in capital expenditures and plans to open approximately 1,900 restaurants globally in the same year.
October 30, 2023 | 11:06 am
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McDonald's is expecting a 46% operating margin in 2023, with capital expenditures ranging from $2.2B to $2.4B. The company also plans to open about 1,900 new restaurants globally in 2023.
The news directly pertains to McDonald's and its future financial plans. The projected operating margin and capital expenditures indicate the company's financial health and growth strategy, which are crucial for investors. The plan to open new restaurants suggests expansion and potential revenue growth, which could positively impact the stock price in the short term.
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