MCD · 8-K · 20260923PR000076

Guidance and Outlook

MCDONALDS CORP · 2026-09-23 · Importance 74 · Surprise 68 · In source text

Management expects unit expansion to contribute nearly 2.5% to Systemwide sales growth in 2027, moderating to about 2% by 2030. The company targets an operating margin in the low-to-mid 50% range and G&A of approximately 1.9% of Systemwide sales by 2030, alongside free-cash-flow conversion in the mid-to-high 80% range. From 2027 through 2030, annual baseline capital expenditures are expected to be about $3 billion based on current foreign exchange rates, supplemented by $1.5 billion to $2 billion of cumulative capital partnering support.

Key facts

McDonald’s will host an Investor Day at McDonald’s headquarters beginning at 8:30 a.m. (Central Time) on September 23, 2026. source
McDonald’s expects free cash flow conversion to be in the mid-to-high 80% range by 2030. source

Impact estimates

metric	direction	stage	expected	basis
cash	positive	committed	—	McDonald’s expects free cash flow conversion to be in the mid-to-high 80% range by 2030.