McDonald's 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, trimmed its 2013 capital spending outlook last month 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.
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The company also offered 2014 forecasts for commodity costs and other expenses.
It expects overall commodity costs for 2014 to increase 1 percent to 2 percent in the United States and 1.5 percent to 2.5 percent in Europe.