McDonald's Corp (MCD.N) on Thursday said it plans to spend $2.9 billion to $3 billion next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others – roughly in line with this year's reduced spending forecast.
The world's biggest hamburger chain, which recently has struggled to meaningfully expand sales at established restaurants after years of outpacing its rivals, last month trimmed its 2013 capital spending outlook by $100 million to $3 billion and delayed some new restaurant openings until next year due to softness in China and some other emerging markets.
The company known for Big Mac hamburgers and skinny, crispy french fries also offered 2014 forecasts for commodity costs and other expenses.
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