Earnings call briefThird-quarter 2026
McDonald's now expects 2026 capital spending of about $3.7 billion
It now expects 2,500 gross restaurant openings globally this year, slightly below its target of 2,600.
GetSignal McDonald's MCD
McDonald's said on its third-quarter call it now expects about $3.7 billion of 2026 capital spending, at the low end of its previously guided $3.7 billion to $3.9 billion. Chairman and Chief Executive Officer Chris Kempczinski said franchisees representing about 4,000 more restaurants have chosen to move forward with similar entry-level bundles before the test results. McDonald's said it aims to launch a new program nationally in early 2027.
Quotes from the call
“We now expect 2026 capital expenditures of about $3.7 billion, which is at the low end of our previously guided range of $3.7 billion-$3.9 billion, reflecting opening slightly fewer gross new restaurants in owned markets, as well as the impact of foreign currency.”
Key facts from the call
- Expected 2026 capex
- About $3.7 billion, low end of previously guided $3.7 billion to $3.9 billion
- Expected 2026 gross openings
- 2,500, slightly below target of 2,600
- U.S. entry-level value test
- Eight weeks in about 1,900 restaurants
Source: McDonald's third-quarter 2026 earnings call, November 4, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
More earnings call briefs
- McDonald's now expects to reach 50,000 restaurants in 2028, not 2027
MCD McDonald's Q2 2026 call
- Constellation Energy expects nuclear uprate costs of about $4.3 billion
CEG Constellation Energy Q3 2026 call
- Howard Hughes Holdings says its insurance ambition is a return on equity in excess of 20%
HHH Howard Hughes Holdings Q3 2026 call
- Brookfield Asset Management now sees 2026 earnings modestly below early view
BAM Brookfield Asset Management Q3 2026 call
- Enbridge says it expects 2026 results at the midpoint of its guidance range
ENB Enbridge Q3 2026 call
