McDonald’s Corporation, a U.S. fast-food restaurant franchise, expects its capital expenditures in 2023 to be between $2.2 billion and $2.4 billion.

Of that total, about half will go toward expanding new restaurants in the U.S. and international markets.

Globally, the company expects to open about 1,900 restaurants.

The company will open more than 400 restaurants in the United States and international segments, and development licensees and affiliates will provide capital for the opening of approximately 1,500 restaurants in their respective markets.

Financial results of McDonald’s (millions of dollars)

In addition, McDonald’s projects approximately 1,500 net restaurant openings by 2023.

The company franchises and operates McDonald’s restaurants, which serve a local menu of quality food and beverages in communities in more than 100 countries.

Of the 40,275 McDonald’s restaurants in existence at the end of 2022, approximately 95% were franchises.

The company’s reportable segments are aligned with its strategic priorities and reflect how management reviews and evaluates operating performance.

The primary reportable segments are the United States and International Operating Markets.

In addition, there is the International and Corporate Development Licensed Markets segment, which includes markets in more than 80 countries, as well as Corporate activities.

McDonald’s

McDonald’s franchised restaurants are owned and operated under one of the following structures: conventional franchise, development license or subsidiary.

The optimal ownership structure for each restaurant, business area or market (country) is based on a variety of factors, such as the availability of experienced business people and financial resources, as well as the local legal and regulatory environment in critical areas such as ownership and franchising.

Franchise

The business relationship between the company and its independent franchisees is underpinned by adherence to standards and policies, including the McDonald’s Global Brand Standards, and is critical to overall performance and to protecting the McDonald’s brand.

Now, McDonald’s is primarily a franchisor and believes that franchising is paramount to delivering great tasting food, locally relevant customer experiences and driving profitability.

Franchising allows an individual to be his or her own employer and maintain control over all matters related to employment, marketing and pricing decisions, while benefiting from the strength of McDonald’s global brand, operating system and financial resources.