MCD · 8-K · 20260923PR000076
Capital Expenditure Outlook
MCDONALDS CORP · 2026-09-23 · Importance 61 · Surprise 42 · In source text
McDonald’s expects approximately $3 billion of annual baseline capital expenditures from 2027 through 2030, based on current foreign exchange rates. The company also expects cumulative capital partnering support of $1.5 billion to $2 billion during that period. The capital program is intended to accelerate deployment of Restaurant > NEXT. The company targets free-cash-flow conversion in the mid-to-high 80% range by 2030.
Key facts
- From 2027 through 2030, McDonald’s expects about $3 billion of annual baseline capital expenditures based on today’s foreign exchange rates. source
- From 2027 through 2030, McDonald’s expects $1.5 billion to $2 billion of cumulative capital partnering support to accelerate deployment of Restaurant > NEXT. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -4.3% | From 2027 through 2030, McDonald’s expects about $3 billion of annual baseline capital expenditures based on today’s foreign exchange rates. |
| assets | positive | committed | +4.3% | From 2027 through 2030, McDonald’s expects about $3 billion of annual baseline capital expenditures based on today’s foreign exchange rates. |
| cash | negative | committed | -2.5% | From 2027 through 2030, McDonald’s expects $1.5 billion to $2 billion of cumulative capital partnering support to accelerate deployment of… |